Verizon Can't End US Bank Trial Over $9.9B Idearc Spinoff

Law360, Dallas (October 19, 2012, 8:45 PM EDT) -- A Texas federal judge on Friday denied Verizon Communications Inc.'s move to end the trial in which U.S. Bank NA is challenging the $9.9 billion spinoff of Verizon's Yellow Pages business, saying he needed more information to determine the value of Idearc Inc. at the time of the deal.

Verizon moved for judgment on partial findings after U.S. Bank rested its case, but U.S. District Judge A. Joe Fish said he wanted to hear Verizon’s evidence before making his decision. This first phase of the trial...
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