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Sprint subsidiary accused of repeatedly misrepresenting auctioned phones

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Sprint Corp. and its subsidiary, United Management Co., are being sued for breach of contract and negligent misrepresentation by a reverse logistics company called IT Asset Partners Inc. IT Asset Partners purchases used cell phones and extracts the electronic parts and components to reuse them. Based in the Los Angeles suburb of Chatsworth, the company bid on surplus inventory from Overland Park-based wireless carrier Sprint (NYSE: S), winning several of those bids. IT Asset Partners, which filed…

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