MetroPCS Investors Sue To Stop Vote On $1.5B T-Mobile Deal

Law360, New York (March 29, 2013, 3:33 PM EDT) -- A group of MetroPCS Communications Inc. investors sued in New York on Thursday to halt an upcoming shareholder vote on a $1.5 billion merger with T-Mobile USA Inc., arguing that the deal will give a windfall to T-Mobile parent Deutsche Telekom AG.

Dallas-based MetroPCS has asked its shareholders to approve the deal at an upcoming April 12 vote. But a group of investors say that vote should be stopped because shareholders haven't been told what a sweet deal it is for Deutsche Telekom.

"T-Mobile and Deutsche...
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