Robbins Geller Recovers $131 Million for Sprint Investors
On August 12, 2015, the Honorable Eric F. Melgren for the District of Kansas granted final approval of a $131 million settlement in favor of plaintiffs, resolving claims arising from Sprint Corporation’s ill-fated merger with Nextel Communications in 2005 in Bennett v. Sprint Nextel Corp. The settlement represents a significant recovery for the plaintiff class, achieved after five years of tireless effort by Robbins Geller.
In approving the settlement, the court praised Robbins Geller's “extraordinary efforts” and “excellent lawyering,” noting that the settlement “really does signal that the best is yet to come for your clients and for your prodigious labor as professionals. . . . I wish more citizens in our country could have an appreciation of what this [settlement] truly represents.”
Bennett v. Sprint Nextel Corp., No. 2:09-cv-02122-EFM-KMH (D. Kan.).