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