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An MCI shareholder has sued MCI in an effort to block the company from being taken over by Verizon Communications.

The shareholder's name is Joseph Pojanowski III and though he only owns a small stake in MCI, he says that he filed the suit as a matter of principle.

According to a Denver Post article,

"Ashburn, Va.-based MCI chose New York-based Verizon's $6.75 billion bid over an $8 billion offer from Qwest on Feb. 13. Qwest has declared its intention to submit a new offer.

Pojanowski's suit, filed Friday, is one of at least four seeking to block the deal.

So far, no major MCI shareholder has filed a suit. One of them, Leon Cooperman of Omega Advisors, opposes the Verizon deal but said Monday that MCI has done nothing to be sued for."

"MCI made a decision that there was more risk associated with Qwest than with Verizon. Guess what, who wouldn't? There is nothing to sue about. All these lawyers are looking to find somebody who owns a few shares so they can get legal fees," said Cooperman.

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