Judge Won't Strike Expert Testimony In Sprint Nextel Merger Suit

Judge Won't Strike Expert Testimony In Sprint Nextel Merger Suit

KANSAS CITY, Kan. - Although an attempt by lead plaintiffs in a securities class action lawsuit to file expert testimony in a reply brief "constitutes new evidence," striking the testimony "would improperly inhibit a determination of market efficiency on the merits," a federal judge in Kansas ruled in an opinion made available March 27 (Cora E. Bennett v. Sprint Nextel Corp., et al., No. 09-2122, D. Kan.; 2013 U.S. Dist. LEXIS 41161).

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