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NY State Files $300 Million Lawsuit Against Sprint Nextel -CNBC

DOW JONES NEWSWIRES The New York State Attorney General has filed a $300 million lawsuit against Sprint-Nextel Corp. (S), accusing it of deliberately undercollecting and underpaying state and local sales tax, CNBC reported Thursday. The AG's office said Sprint's competitors, AT&T Wireless and Verizon Wireless (VRZ.XX), have all properly followed sales tax laws and we are still awaiting Sprint's response, the report said. Full story at www.cnbc.com -Dow Jones Newswires; 212-416-2900

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