Sprint files lawsuit against Dish, Clearwire to block strategic purchase

Delaware law and Equity Holders Agreement both stand in the way of Dish's bid for Clearwire, claims Sprint

While it has publicly voiced its opposition to Dish's attempt to purchase a large portion of Clearwire, Sprint is taking things to the next level today by filing a lawsuit against the two companies to stop the deal once and for all. In a release put out to its official newsroom, Sprint details the fact that it has filed a complaint in Delaware against the two companies, citing that if the deal were to go through it would violate not only Delaware law but also Clearwire's Equity Holders Agreement (EHA).

The current deal, which could see Dish purchasing up to the 49.5-percent of Clearwire that Sprint doesn't already own, violates several different principles in Sprint's view.

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Source: http://feedproxy.google.com/~r/androidcentral/~3/qIfNm8tDroU/story01.htm

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