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Shareholders file suit over proposed cell company merger

Baton Rouge stock watchers may be interested to learn that shareholders of cellular service provider MetroPCS have filed suit to block its acquisition by its larger competitor T-Mobile USA. Even though the dust has barely settled on the announcement of the proposed merger, and regulatory approval is not anticipated until the early part of 2013, the shareholders have been quick to raise allegations of conflicts of interest among the smaller company's board of directors.

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Dunlap Fiore Attorneys at Law

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