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...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Robaczynski v. Hesse et al


Case Number

2:12-cv-02354

Court

Kansas

Nature of Suit

Stockholders Suits

Judge

J. Thomas Marten

Date Filed

June 5, 2012

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.