Investor Sues Sprint Over Alleged $100M Sales Tax Dodge

Law360, New York (June 7, 2012, 6:12 PM EDT) -- Sprint Nextel Corp. was hit Wednesday with a shareholder derivative suit in Kansas federal court for April stock losses that followed New York officials' accusations that the cellphone provider failed to pay more than $100 million in sales tax, potentially leaving consumers on the hook.

The suit comes in the wake of a complaint filed by New York’s attorney general in April, the first suit brought under the state’s new False Claims Act, alleging the company failed to pay more than $100 million in state sales...
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