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Shareholders Sue Sprint Execs Over $300M NY Tax Claim

By Steven Melendez (May 1, 2012, 4:40 PM EDT) -- A shareholder lawsuit filed Monday in New York alleges Sprint Nextel Corp.'s officers and directors breached their duties by allowing Sprint to underpay sales tax despite warnings they were breaking the law, which led to a $300 million False Claims Act suit filed by the state....

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