Class Claims Verizon 'Bungled' Foreign Worker Pensions

Law360, New York (June 13, 2011, 5:47 PM EDT) -- A proposed class action filed Thursday in Illinois accuses Verizon Communications Inc. of wrongfully withholding U.S. taxes on pension benefits paid to foreign employees who worked in Latin America and refusing to correct the error.

Named plaintiffs Ramon Mejia and Mario Boeri filed the complaint on behalf of what they say may be thousands of class members, alleging that Verizon and its pension plan fiduciaries continue to ignore U.S. tax laws, effectively depriving their foreign employees of the full value of their earned benefits by improperly...
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