Verizon, State Street Say Pension Annuity Suit Claims Fall Flat
By Kellie Mejdrich ( April 7, 2025, 6:56 PM EDT) -- Verizon Communications and its independent fiduciary State Street urged a New York federal judge to toss a proposed class action from Verizon retirees who challenged the conversion of their federally regulated pension benefits into annuity insurance contracts, arguing the allegations lacked standing and failed to state a claim....
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