Verizon Fights Retiree Suit Over $7.4B Pension Transfer

Verizon Fights Retiree Suit Over $7.4B Pension Transfer

Verizon Communications Inc. on Friday asked a Texas federal judge to dismiss again claims from a class of retirees who allege their savings were put at risk when the company transferred $7.4 billion in pension obligations to Prudential Insurance Co. of America.

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