Home Sprint settles U.S. class-action lawsuit for $131 million
 

Keywords :   


Sprint settles U.S. class-action lawsuit for $131 million

2015-03-31 18:46:42| IT Services - Topix.net

The all-cash settlement made public on Monday resolves claims that Sprint, former Chief Executive Gary Forsee and other officials fraudulently inflated the company's stock and bond prices between October 2006 and February 2008. Investors said the defendants falsely touted how Sprint was receiving billions of dollars of benefits from the merger and improving its subscriber base by tightening credit standards.

Tags: million sprint lawsuit settles

Category:Information Technology

Latest from this category

All news

»
02.11Tropical Storm Lane Graphics
02.11Subtropical Storm Patty Graphics
02.11Tropical Storm Lane Forecast Discussion Number 4
02.11Subtropical Storm Patty Wind Speed Probabilities Number 2
02.11Summary for Tropical Storm Lane (EP3/EP132024)
02.11Subtropical Storm Patty Public Advisory Number 2
02.11Subtropical Storm Patty Forecast Advisory Number 2
02.11Subtropical Storm Patty Update Statement
More »