Verizon Pension Plan Members Allowed to Sue as a Group
A federal judge in Texas ruled that Verizon pension beneficiaries can sue the company as a group over its transfer of $8.5 billion in plan obligations to the Prudential Insurance.
A federal judge in Texas ruled that Verizon pension beneficiaries can sue the company as a group over its transfer of $8.5 billion in plan obligations to the Prudential Insurance.
Verizon retirees had argued that their money won’t have the same protections in annuities as it did under Verizon’s plan but that fell on deaf ears.
Verizon wants to sell 41,000 pension plans worth a total of $7.5 billion to Prudential, which would turn them into annuities that the retirees’ lawyers say won’t have the same protection that the pensions had.
The regional Bells have been improving their consumer operations on the heels of a favorable regulatory ruling, yet they have been unable to reverse a pattern of line losses in the face of wireless substitution and other competition. SBC Communications Inc. added 16,000 “primary” residential lines in the three-month period ending March 31, marking its […]
.@GetSpectrum reaches #settlement, can remain in New York State. goo.gl/fb/qTUcez
April 23 2019 @ 00:58:37 UTC
.@nitelusa, Cisco team up around #SDWAN. goo.gl/fb/X3cT9c
April 22 2019 @ 19:18:55 UTC
.@FusionConnectSM stock to be delisted by @Nasdaq as it considers #chapter11 bankruptcy. goo.gl/fb/CMZhXj
April 22 2019 @ 19:12:53 UTC
.@ATTPartners had some positive news coming out of #CPExpo. We can't say the same for three other companies. goo.gl/fb/N3S5iA
April 22 2019 @ 15:39:04 UTC
Fun #SDWAN conversations at #CPexpo with @Ecessa, @comcastbusiness and @securesdwan. goo.gl/fb/eLL1Sm
April 19 2019 @ 21:43:46 UTC
Here are the pics from the Excellence in Digital Services Awards at #CPExpo. goo.gl/fb/wmCtLc
April 19 2019 @ 18:49:01 UTC
Learn how to launch your own UCaaS practice easily and effectively from Howard M. Cohen of HMC WriteNow and Robert… goo.gl/fb/pT8kiA
April 19 2019 @ 18:17:02 UTC
.@Avant_CCC #survey finds cloud-centric IT partners with broad portfolios outsell competitors. #SDWAN goo.gl/fb/BMp7bK
April 19 2019 @ 17:46:45 UTC
