Press release from Business Wire
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Clearwire Corp. in Connection with the Proposed Sale of the Company to Sprint Nextel Corp.
Thursday, December 13, 2012
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Clearwire Corp. in Connection with the Proposed Sale of the Company to Sprint Nextel Corp.16:05 EST Thursday, December 13, 2012 NEW YORK (Business Wire) -- Levi & Korsinsky is investigating the Board of Directors of Clearwire Corp. (“Clearwire” or the “Company”) (Nasdaq: CLWR) for possible breaches of fiduciary duty and other violations of state law in connection with the proposed sale of the Company to Sprint Nextel Corp. (“Sprint”) (NYSE: S). Click here to learn more about the investigation: http://zlk.9nl.com/clearwire-clwr/, or call: 877-363-5972. There is no cost or obligation to you. Sprint has offered to buy the 49% of Clearwire stock it currently doesn't own for $2.90 per share, or approximately $2.1 billion. The investigation concerns whether Clearwire's Directors breached their fiduciary duties by failing to maximize shareholder value in the potential acquisition by Sprint, and whether Sprint is taking advantage of its position as majority shareholder in order to purchase the Company at an unfair price. If you own common stock in Clearwire and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/clearwire-clwr/. Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes. Levi & Korsinsky, LLPJoseph Levi, Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (866) 367-6510www.zlk.com