CORRECTED: Verizon May Have Underpaid Retirees: Judge

Law360, New York (August 29, 2008, 12:00 AM EDT) -- A judge has ruled that Verizon Communications Inc. may have incorrectly calculated the benefits given to some of its former employees, a decision that could make the company liable for billions in damages. (Corrects an article published Aug. 29, 2008.)

Magistrate Judge Morton Denlow of the U.S. District Court for the Northern District of Illinois ruled on Thursday that Bell Atlantic Corp., later acquired by Verizon, had misapplied part of the formula it used to calculate benefits for employees when it switched to a new benefit...
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