Verizon Wins Ruling in $9.5 Billion Lawsuit Over Spinoff

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Verizon Wins Ruling in $9.5 Billion Lawsuit Over Spinoff

VZ SPMD

Linked by Bloomberg ( track newsfeed | ignore newsfeed ) - January 22, 08:43PM from (www.bloomberg.com)

Verizon Communications Inc. (VZ) will probably defeat a lawsuit over the 2006 spinoff of its directory business, a federal judge said after rejecting claims that the business was insolvent at the time of the deal.
The unit, Idearc Inc., had a value of at least $12 billion, and the “only credible evi...

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