Nextwave Investors Say $1.4M Settlement Is Fair

Law360, New York (October 30, 2012, 12:19 PM EDT) -- A $1.4 million cash settlement for investors who suffered losses as a result of alleged misleading statements by Nextwave Wireless Inc. stemming from the mobile wireless solutions company's 2006 acquisition spree is fair, plaintiffs told a California federal judge Friday.  

San Diego-based Nextwave Wireless, which now is in the midst of being taken over by telecommunications giant AT&T Inc., was accused by various plaintiffs of tricking investors prior to an August 2008 press release in which it revealed weak sales and less cash on hand than...
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Case Information

Case Title

Lifschitz v. Nextwave Wireless


Case Number

3:08-cv-01697

Court

California Southern

Nature of Suit

Securities/Commodities

Judge

Anthony J. Battaglia

Date Filed

September 16, 2008

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