Clearwire Suit Ends Quietly As $3.6B Sprint Offer Takes Root

Law360, New York (June 28, 2013, 3:45 PM EDT) -- The hedge fund that has spent six months fighting Sprint Nextel Corp.'s takeover of Clearwire Corp. on Friday quietly dropped its legal battle, two days after Dish Network Corp. bowed out and cleared the way for Sprint’s $3.6 billion deal.

Crest Financial Ltd. filed a motion in Delaware Chancery Court to dismiss the case, which has been pending since December and was moving toward a trial later this summer trial. Each party will bear its own costs and attorneys' fees and no settlement payments have been...
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