Cincinnati Bell Workers' $23M Stock Suit Tossed

Law360, New York (March 2, 2009, 12:00 AM EST) -- A judge has dismissed a class action brought by former and current employees of units of Cincinnati Bell Inc. who allege they should have been handed more than $20 million when an insurance company demutualized.

In an order Friday, Judge S. Arthur Speigel of the U.S. District Court for the Southern District of Ohio said none of the named plaintiffs were insured by a group policy under Anthem Insurance, now known as Wellpoint Inc., from June 19, 2001, through Nov. 2, 2001.

The judge said 15...
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