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Shareholder Suit Doesn't Pass PSLRA Muster: Sprint

By Erin Fuchs ( October 6, 2009, 6:46 PM EDT) -- Sprint Nextel Corp. has asked a judge to dismiss a suit accusing it and several former executives of lying about the company's financial health after a 2005 merger, contending that the claims don't meet the heightened pleading standards imposed by the Private Securities Litigation Reform Act....

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