Sprint - Nextel 2015 Annual Report Download - page 24

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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. ACPMaster,LTD,etal.v.SprintNextelCorp.,etal.,
was filed April 26, 2013 in Chancery Court in Delaware. Our motion to dismiss the suit was denied, discovery is substantially complete and our motion for
summary judgment is pending. Plaintiffs in the ACPMaster,LTDsuit have also filed suit requesting an appraisal of the fair value of their Clearwire stock.
Discovery in that case was consolidated with the breach of fiduciary duty case and is substantially complete. Trial is scheduled to begin in October 2016. Sprint
Communications intends to defend the ACPMaster,LTDcases vigorously. We do not expect the resolution of these matters to have a material adverse effect 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.
Item 4. Mine Safety Disclosures
None.
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