Sprint Investors Demand KPMG Merger Audit Docs

Law360, New York (June 8, 2011, 6:58 PM EDT) -- Shareholders in a class action over the 2005 merger that created Sprint Nextel Corp. asked a Kansas federal court Wednesday to force KPMG Inc. to hand over documents it compiled while evaluating Sprint and Nextel's financial statements.

The shareholders claim Sprint Corp.'s $37.8 billion merger with wireless company Nextel Communications Inc. resulted in a host of problems that Sprint executives hid from investors for almost three years.

KPMG, which audited both companies before and after the merger, has been stymieing the shareholders' February subpoena to obtain...
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