March 27, 2017
The U.S. Supreme Court on Monday declined to review a breach of fiduciary duty suit brought against Verizon by a class of its retirement plan beneficiaries, preserving the Fifth Circuit's finding that the former employees couldn't have standing unless they'd incurred an injury.
September 15, 2016
The Fifth Circuit on Thursday again dismissed a class action brought by Verizon Communications Inc. retirees claiming the telecom giant mishandled their pension plans, saying the high court's recent Spokeo ruling didn't change its opinion that the suit should be tossed.
December 22, 2015
A class of Verizon pension plan participants challenging the telecom giant in a Employee Retirement Income Security Act case for allegedly mismanaging their pension plan has urged the U.S. Supreme Court to take the case up, saying circuit courts are in "disarray" over whether participants can sue without showing individual harm.
September 17, 2015
The Fifth Circuit will not rehear an Employee Retirement Income Security Act case against Verizon Communications Inc., the court said Wednesday, again denying two classes of Verizon retirees' appeal over the transfer of $7.4 billion in pension obligations.
September 01, 2015
Two Verizon retiree classes sought a Fifth Circuit panel rehearing of their rejected appeal over the telecom giant's transfer of $7.4 billion in pension obligations, arguing Monday that the U.S. Supreme Court's constitutional standing decision in Spokeo will directly impact their case.
September 23, 2014
Verizon Communications Inc. on Monday urged the Fifth Circuit to affirm the dismissal of claims from two classes of retirees who sued over the telecom giant's transfer of $7.4 billion in pension obligations to Prudential Insurance Co., saying the beneficiaries suffered no harm in the change.