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NEW JERSEY v. SPRINT CORP.

Case No. 03-2071-JWL.

531 F.Supp.2d 1273 (2008)

State of NEW JERSEY and its Division of Investment, Plaintiff, v. SPRINT CORPORATION; William T. Esrey; Ronald T. LeMay; Harold S. Hook; Charles E. Rice; Louis W. Smith; Linda Koch Lorimer; Stewart Turley; DuBose Ausley; Warren. L. Batts; Irvine O. Hockaday, Jr.; Arthur Krause; and J.P. Meyer, Defendants.

United States District Court, D. Kansas.

January 23, 2008.

Attorney(s) appearing for the Case

Allyn Z, Lite, Ann M. Dooley, Bruce D. Greenberg, Joseph J. Depalma, Susan D. Pontoriero, Katrina Blumenkrants, Mary Jean Pizza, Lite, Depalma, Greenberg & Rivas LLC, Newark, NJ, Christopher L. Nelson, Gregory M. Castaldo, Jacob A. Goldberg, Karen E. Reilly, Richard S. Schiffrin, Sean M. Handler, Stephen E. Connolly, Schiffrin & Barroway Topaz & Kessler LLP, Radnor, PA, Linda C. McFee, Kansas City, MO, for Plaintiff.

James M. Webster, III, Kevin J. Miller, Mark C. Hansen, Kellogg, Huber, Hansen, Todd, Evans & Figel, PLLC, Washington, DC, Joselyn R. Treadway Verschelden, Lawrence A. Rouse, Rouse Hendricks German May PC, Chad C. Beaver, Mark A. Thornhill, Spencer Fane Britt & Browne LLP, Kansas City, MO, David N. Greenwald, Francis P. Barron, Michael A. Paskin, Ronald S. Rolfe, Cravath, Swaine & Moore LLP, New York, NY, for Defendants.

Thomas R. Buchanan, McDowell, Rice, Smith & Buchanan, PC, Kansas City, MO, for Plaintiff/Defendants.

MEMORANDUM & ORDER

JOHN W. LUNGSTRUM, District Judge.

Plaintiff filed this class action suit on behalf of persons who purchased or acquired Sprint FON common stock or Sprint PCS common stock on the open market from March 1, 2001 through January 29, 2003. In its second amended complaint, plaintiff asserts, in brief, that statements made in various Sprint SEC filings to the effect that Sprint had entered into new employment contracts with its top...

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