MetroPCS Communications Inc : * Sued by shareholders seeking to block merger with Deutsche Telekom ag's t-Mobile USA--court filing * Merger fund, others seek preliminary injunction to halt April 12 Metropcsshareholder vote on merger * Plaintiffs say Metropcs proxy misrepresents or omits information thatshareholders need to know before voting * Plaintiffs also seek damages in the event they fail to win injunction and themerger is completed * Lawsuit against Metropcs filed Thursday in Manhattan federal court
MetroPCS Communications, Inc. (MetroPCS Communications) is a wireless telecommunications carrier, which offers wireless broadband mobile services primarily in selected metropolitan areas in the United States, including the Atlanta, Boston, Dallas/Fort Worth, Detroit, Las Vegas, Los Angeles, Miami, New York, Orlando/Jacksonville, Philadelphia, Sacramento, San Francisco and Tampa/Sarasota metropolitan areas. Shares of PCS traded higher by 3.51% or $0.37/share to $10.90. In the past year, the shares have traded as low as $5.53 and as high as $14.51. On average, 6358490 shares of PCS exchange hands on a given day and today's volume is recorded at 19360342.
Source
