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GENERAL RETIREMENT SYSTEM OF THE CITY OF DETROIT v. VERIZON COMMUNICATIONS, INC. et al
Case Number:
3:23-cv-05218
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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October 20, 2023
2 Firms To Lead Verizon Investor Suit Over Lead Cables
A New Jersey federal judge has appointed Grant & Eisenhofer PA and Kessler Topaz Meltzer & Check LLP as lead counsel in a class action against Verizon and its top brass, alleging they lied to investors about the company's efforts to use environmentally safe network cables and failed to disclose the existing network lines are covered in lead.
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August 21, 2023
Verizon Hit With Investor Class Action Over Toxic Lead Cables
Verizon, its CEO and former chief financial officer have been hit with a proposed class action in New Jersey federal court by a Detroit retirement fund alleging Verizon and the individual defendants lied to investors about the company's efforts to use environmentally safe network cables and failed to disclose that the existing network of lines are covered in lead.