Pentwater Capital Management is nominating three directors to the Leap Wireless (LEAP.O) board, citing what it called years of management mistakes. Pentwater, the fifth-largest institutional investor in the wireless operator, cited Leap's rejection of a takeover offer by MetroPCS Communications (PCS.N) in 2007 as well as "incorrect operational decisions." Leap shares were up 85 cents, or almost 7 percent, at $13.35 after Pentwater, an investment management firm, issued a statement about the nominations. (Reporting by Sinead Carew; editing by John Wallace)
Source
