NY State Files $300 Million Lawsuit Against Sprint Nextel -CNBC

Date : 04/19/2012 @ 11:57AM
Source : Dow Jones News
Stock : AT&T Inc. (T)
Quote : 38.12  -0.11 (-0.29%) @ 4:48PM

NY State Files $300 Million Lawsuit Against Sprint Nextel -CNBC

Sprint Nextel (NYSE:S)
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The New York State Attorney General has filed a $300 million lawsuit against Sprint-Nextel Corp. (S), accusing it of deliberately undercollecting and underpaying state and local sales tax, CNBC reported Thursday. The AG's office said Sprint's competitors, AT&T Wireless and Verizon Wireless (VRZ.XX), have all properly followed sales tax laws and we are still awaiting Sprint's response, the report said.

Full story at www.cnbc.com

-Dow Jones Newswires; 212-416-2900

 
 

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