IPCS Ipcs (MM)

Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of investigating possible breaches of fiduciary duty by the Board of Directors of iPCS, Inc. ("iPCS" or the "Company") (NASDAQ:IPCS) arising out of the proposed acquisition of iPCS by Sprint Nextel Corp. ("Sprint").

On Monday, October 19, 2009, Sprint and iPCS announced that Sprint would acquire iPCS in an all cash offer. Under the terms of the agreement, iPCS stockholders will receive cash of $24 in exchange for each share of iPCS common stock. However, the Company may not have adequately shopped itself around before entering into this transaction and, pursuant to this proposed transaction, Sprint may be underpaying for iPCS, thus unlawfully harming iPCS shareholders.

If you own shares of iPCS, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com.

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