Sprint - Nextel 2012 Annual Report Download - page 32

Table of Contents
The Company is also a defendant in several complaints filed by shareholders of Clearwire Corporation, asserting claims for breach of
fiduciary duty by Sprint, and related claims and otherwise challenging the Clearwire Acquisition. There are four suits pending in Chancery Court in
Delaware: Crest Financial Limited v. Sprint Nextel Corp., et al. , filed on December 12, 2012; Katsman v. Prusch, et al ., filed December 20, 2012;
Feigeles, et al. v. Clearwire Corp., et al. , filed December 28, 2012; and Litwin, et al. v. Sprint Nextel Corp., et al., , filed January 2, 2013. There is one
case filed in state court in King County, Washington, in which Sprint is a party, and that case and two other cases in which Sprint is not a party have
been stayed in favor of the Delaware proceedings: Rowe, et al. v. Clearwire Corp., et al., filed December 31, 2012. The Company intends to defend
these cases vigorously, and, because these cases are still in the preliminary stages, has not yet determined what effect the lawsuits will have, if any, on
its financial position, results of operations, or cash flows.
Various other suits, inquiries, proceedings and claims, either asserted or unasserted, including purported class actions typical for a large
business enterprise and intellectual property matters, are possible or pending against us or our subsidiaries. If our interpretation of certain laws or
regulations, including those related to various federal or state matters such as sales, use or property taxes, or other charges were found to be mistaken,
it could result in payments by us. While it is not possible to determine the ultimate disposition of each of these proceedings and whether they will be
resolved consistent with our beliefs, we expect that the outcome of such proceedings, individually or in the aggregate, will not have a material adverse
effect on our financial position or results of operations. During the quarter ended
December 31, 2012 , there were no material developments in the status
of any of these legal proceedings.
None.
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Item 4.
Mine Safety Disclosures