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Article: Sprint Nextel Sues Nextel Partners
- Article from:
- AP Online
- Article date:
- October 19, 2005
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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DAVID TWIDDY, AP Business Writer
AP Online
10-19-2005
Dateline: KANSAS CITY, Mo.
For the second time in a week, Sprint Nextel Corp. has filed suit against affiliate Nextel Partners Inc. as their disagreement over the likely acquisition of Nextel Partners becomes increasingly bitter.
Nextel WIP Corp., a subsidiary of Sprint Nextel, sued Tuesday in Delaware Chancery Court, demanding access to Nextel Partners' financial records and other documents. A majority of the documents detail how Nextel Partners reached its forecasts for future revenue that were included in securities filings and public statements over the last three months.
The suit also said it was looking "to investigate mismanagement, ...