July 29, 2013
A New York federal judge on Friday threw out a shareholder derivative suit blaming Sprint Nextel Corp. directors for an alleged tax-dodging scheme that led to a $300 million state False Claims Act suit against the company, finding the investor had not satisfied the demand futility requirement.
April 23, 2013
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.