According to a press release an investigation on behalf of investors in Sprint Nextel Corp. (NYSE: S) over possible violations of federal securities law by Sprint Nextel Corporation (NYSE: S) was announced.

According to the press release by a law firm the investigation focuses on, among other things, whether Sprint Nextel Corp. (NYSE: S) failed to maintain adequate reserves in violation of GAAP, whether the Company misrepresented its fiscal health to investors, and whether it failed to disclose problems it was having integrating its networks. Sprint Nextel Corporation (Sprint Nextel) is a global communication company offering a range of wireless and wireline communications products and services for individual consumers, businesses and government customers.