Home>Topics>>Judge denies bid to block Verizon's $7.5 billion pension transfer
Judge denies bid to block Verizon's $7.5 billion pension transfer
Reuters: Business News
Fri, 7 Dec 2012
NEW YORK (Reuters) - A federal judge in Texas on Friday denied Verizon Communications Inc retirees' attempt to stop the company from transferring $7.5 billion in pension obligations to insurer Prudential Insurance Co of America.
Independent. Insightful. Trusted. Morningstar provides stock market analysis; equity, mutual fund, and ETF research, ratings, and picks; portfolio tools; and option, hedge fund, IRA, 401k, and 529 plan research. Our reliable data and analysis can help both experienced enthusiasts and newcomers.