Sprint Attacks Shareholder Suit Over $300M FCA Case

Law360, New York (April 23, 2013, 6:39 PM EDT) -- Sprint Nextel Corp. on Tuesday asked a New York federal judge to toss a derivative action that blames its directors for an alleged tax-dodging scheme that led to a $300 million False Claims Act suit against the company.

The shareholder behind the derivative suit has not put forward specific claims that the directors did anything to affect the company tax decisions that are being challenged in the FCA suit, Kenneth Brown of Williams & Connolly LLP, an attorney for Sprint, said at oral arguments before U.S....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.