nesssessidadess: Verizon retiree pension complaint becomes class action suit

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Friday, April 5, 2013

Verizon retiree pension complaint becomes class action suit - FierceTelecom

Verizon retiree pension complaint becomes class action suit - FierceTelecom: "Verizon's (NYSE: VZ) management retirees have gained class action status for their case against the telco's move to sell 41,000 protected pensions to The Prudential Insurance Company of America.

On Friday, federal Judge Sidney A. Fitzwater ruled that the retirees' suit had the elements to be a class action suit."