A Kansas judge on Wednesday approved a $57.5 million settlement that ends a class action lawsuit against Sprint Nextel Corp. over how it combined its wireless and wireline stocks three years ago. Johnson County District Judge Kevin Moriarty gave the settlement preliminary approval in September. On Wednesday, he gave it final approval, and set aside 27.5 percent, or $15.8 million, for plaintiffs' legal fees, as well as an additional $2.2 million for plaintiff expenses.
December 13, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A Kansas judge on Wednesday approved a $57.5 million settlement that ends a class action lawsuit against Sprint Nextel Corp. over how it combined its wireless and wireline stocks three years ago.
Johnson County District Judge Kevin Moriarty gave the settlement preliminary approval in September. On Wednesday, he gave it final approval, saying he felt it was fair and reasonable and the attorneys involved had used “the best practicable notice” to alert affected shareholders.
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