Sprint - Nextel 2013 Annual Report Download - page 26

Table of Contents
transaction as completed. The Company intends to defend these cases vigorously, and we do not expect the resolution of these matters to have a material effect
on our financial position or results of operations.
Sprint Communications, Inc. is also a defendant in a complaint filed by stockholders of Clearwire Corporation, asserting claims for breach of fiduciary
duty by Sprint Communications, and related claims and otherwise challenging the Clearwire Acquisition. There were initially five suits filed 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; Litwin, et al. v. Sprint Nextel Corp., et al., , filed January 2, 2013; and ACP Master, LTD, et al. v. Sprint
Nextel Corp., et al., filed April 26, 2013. All suits except the ACP Master, LTD suit have been voluntarily dismissed by the plaintiffs. The plaintiffs in the ACP
Master, LTD suit have also filed suit requesting an appraisal of the fair value of their Clearwire stock. There were three cases filed in state court in King County,
Washington, and those cases have been dismissed with prejudice
. Sprint Communications, Inc. intends to defend the ACP Master, LTD cases vigorously, and,
because these cases are still in the preliminary stages, we have not yet determined what effect the lawsuits will have, if any, on our financial position or results
of operations.
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. 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, 2013 , there were no material developments in the status of these legal proceedings.
None.
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Item 4.
Mine Safety Disclosures