Sprint Gets Sued, Constellation’s So-So Quarter, and 3 More Hot Stocks

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Sprint (NYSE:S): It seems that in all the merger and acquisition excitement, the third largest wireless carrier in the U.S. forgot (or failed) to collect and pay sales tax on cellular plans. As a result, the company is being sued for $300 million by New York Attorney General Eric Schneiderman, after a New York Supreme Court judge denied the carrier’s motion to dismiss the case. Judge Peter Sherwood wrote that the complaint “satisfactorily alleges that Sprint knowingly submitted false monthly tax statements.” The estimated toll on the state government stands at about $100 million.


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