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| [December 13, 2012] |
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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.
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Clearwire (News - Alert)
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 (News - Alert) 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 jlevi@zlk.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.
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