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Essay text:
Engel's suit names the company, CEO Scott T. Ford and other past directors of Alltel as defendants. Alltel is incorporated in Delaware, but its corporate headquarters are in Little Rock.
Engel's suit asks the court to stop the proposed buyout of the company, which he described as "wrong, unfair and harmful" to stockholders.
Engel also accuses the company of failing to disclose all its offers. Alltel is still in the process of filing disclosure paperwork with federal regulators.
Alltel spokesman Andrew Moreau said the process leading to the proposed buyout was "exceptionally fair."
"The lawsuit only speculate(s) about the events of the last few weeks, and the speculation offered by the plaintiff's attorneys is not factual," Moreau said in a statement...
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