BLOOMBERG -- Verizon Communications Inc. (VZ) won dismissal of a lawsuit filed by pension plan beneficiaries challenging the companys decision to shed $7.4 billion in obligations by buying a single-premium group annuity.
While U.S. District Judge Sidney A. Fitzwater in Dallas today dismissed the lawsuit, he said the suing plan members can file an amended complaint within 30 days that cures deficiencies he identified in his ruling.
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