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Dempsey et al v. Verizon Communications Inc. et al

  1. February 06, 2026

    Verizon Workers Will Seek 2nd Circ. Pension Suit Revival

    Verizon employee retirement plan participants who allege the telecom and its independent fiduciary illegally converted $6 billion in pension benefits to risky annuities told a New York federal court Friday they'll seek Second Circuit revival of their proposed class action, which was tossed on standing grounds in January.

  2. January 09, 2026

    Future Risk Not Enough To Save Verizon Pension Annuity Suit

    A New York federal judge tossed a suit from a group of retirees who claimed Verizon Communications Inc. and its independent fiduciary State Street Global Advisors Trust Co. illegally converted $6 billion in pension benefits to risky annuities, ruling that the workers hadn't shown that the annuity holders were unlikely to follow through on their benefits.

  3. April 07, 2025

    Verizon, State Street Say Pension Annuity Suit Claims Fall Flat

    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.

  4. April 04, 2025

    Pension Annuity Rulings Leave Attorneys Looking For Clarity

    Benefits attorneys say they'll be watching the circuits, and perhaps the nation's highest court, for clarity after recent divergent decisions in cases accusing defense and aerospace manufacturer Lockheed Martin and aluminum giant Alcoa of violating federal benefits law by converting pension benefits into annuity insurance contracts.