Nextel Doctored Sales Data Before Sprint Sale: Suit

Law360, New York (April 7, 2008, 12:00 AM EDT) -- A wrongful termination lawsuit by a former Sprint Nextel Corp. executive has reportedly raised questions about whether Nextel artificially pumped up its sales figures before being acquired by Sprint.

Joanne Marie Toledo Hamm, a former multichannel executive for Sprint, filed the suit in state court in Hawaii on Thursday, the Wall Street Journal reported. She alleges she was fired after claiming that Nextel was fraudulently reporting its sales.

The claim has led to suspicions that Sprint may have overpaid for Nextel in 2005, in a merger...
To view the full article, register now.

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.