Morgan & Morgan P.C. has been appointed co-lead counsel in a derivative shareholder lawsuit against Sprint Nextel Corp. (NYSE: S) brought in the wake of allegations from New York Attorney General Eric Schneiderman that the wireless carrier underpaid more than $100 million in New York state and local sales taxes.
Shareholder Derivative Litigation
At Morgan and Morgan, our team of attorneys has committed themselves to protecting the rights of shareholders, holding officers and directors accountable for their wrongdoings, and enhancing corporate governance at businesses throughout the nation. We are proud to represent investors who stress the need for liability and honesty in corporate boardrooms and who look to take a stand against corporate fraud and misconduct.
In the event that company management fails to take action in the best interests of the corporation, its shareholders may bring a derivative action to assert the corporation’s rights and protect shareholder interests. A shareholder has the ability to serve as a plaintiff and “step into the shoes of the company” by bringing a derivative action to assert the company’s rights and protect the shareholders’ interest. In lodging such a claim, a sole investor may be able to induce company-wide change which otherwise might not have occurred, including the nurturing of corporate governance reform for the benefit of shareholders, the removal of board members who injured the company, and the award of monetary damages.
Attorneys for Shareholders against Corporate Wrongdoing
Corporate wrongdoing has a direct effect on investors, but it also harms the nature of the market. Wrongdoing among corporate directors and officers can generate distrust among shareholders, drive down stock prices and decrease shareholder value. At Morgan and Morgan, we look to strengthen the nature of financial market through the filing of shareholder derivative actions and subsequently protecting both companies and investors from further injury. We handle cases involving insider trading, breaches of fiduciary duty, fraud and other types of corporate misconduct. For more information on our practice and your legal rights as a shareholder, contact us today by completing the form on the right.
From our offices in mid-town Manhattan, Morgan Securities Law represents clients from around the world.
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