Verizon, US Bank Wrap First Phase Of Idearc Spinoff Trial

Law360, Dallas (October 26, 2012, 8:24 PM EDT) -- Verizon Communications Inc. on Friday rested its defense in Texas federal court against U.S. Bank NA’s claims the telecom giant grossly inflated the value of Idearc Inc., which later filed for bankruptcy, in a $9.9 billion spinoff deal, but won’t get a ruling in the case before December.

U.S. District Court Judge A. Joe Fish denied a renewed motion from Verizon for judgment on partial findings after the parties rested, and said he will review the case and post-trial briefs from the parties before issuing a...
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