Sprint Shareholders Lose Bid For KPMG Docs In Merger Suit

Law360, New York (October 11, 2012, 7:47 PM EDT) -- Plaintiffs in a class action over the 2005 merger that created Sprint Nextel Corp. largely lost their bid on Wednesday to compel information on a U.S. government inspection of the company's accounting firm KPMG Inc., after a Missouri federal judge ruled the documents in the investigation were privileged.

U.S. District Judge Ortrie D. Smith said KPMG does not have to give up the bulk of its withheld documents relating to a 2006 Public Company Accounting Oversight Board inspection carried out by the U.S. government over the...
To view the full article, register now.