State Attorney General files multimillion dollar lawsuit against Sprint
The State Attorney has filed a multimillion dollar lawsuit against Sprint Nextel. Attorney General Eric Schneiderman has filed a more than $300-million suit against the company, claiming it under collected and underpaid 100-million in sales taxes to keep prices down.
"That there was a consistent pattern of withholding, something to the effect 25% of the taxes they were suppose to collect and remit to the state and to our local governments," said Schneiderman.
The Attorney general says Sprint has underpaid the tax and submitted false records since 2005.
Sprint spokesman John Taylor says the company is reviewing the complaint.