Majority Of Investor Claims In Sprint Stock-Drop Suit Survive Dismissal Bid

Mealey's (March 30, 2022, 10:01 AM EDT) -- NEW YORK — A federal judge in New York on March 25 substantially denied a motion to dismiss filed by telecommunications company Sprint Corp. and certain of its former executive officers, ruling that shareholders have sufficiently pleaded that the defendants issued actionable misstatements and omissions regarding the company’s business and financial condition in preparation for its proposed merger with an industry competitor....