Law360, New York (August 02, 2012, 7:01 PM ET) -- Sprint Nextel Corp. revealed Thursday that it was the subject of a formal U.S. Securities and Exchange Commission investigation into its collection of sales taxes following the launch of New York state's $300 million False Claims Act suit against the company.
In an SEC filing, Sprint said that the SEC had issued a former order of investigation July 23 but that it did not expect the resolution of the probe to have a significant effect on the company's bottom line.
“Sprint is cooperating with the SEC...
Sprint Faces SEC Probe Into Sales Tax Collection
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