Verizon Official May Be Called To Court For US Bank Trial

Law360, Dallas (October 18, 2012, 8:28 PM EDT) -- A Texas federal judge on Thursday told Verizon Communications Inc. may need to have its CEO or chief financial officer present for the remainder of a trial in which U.S. Bank NA alleges Verizon acted fraudulently in a $9.9 billion spinoff of its Yellow Pages business into Idearc Inc., leading to its bankruptcy.

U.S. District Court Judge A. Joe Fish issued an order before the trial, which began Monday, that each party must have someone present with the authority to settle the case. U.S. Bank's suit,...
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