Peerless Network Nabs $48.5M from Verizon Unit In Fee Row [telecom]

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By Diana Novak Jones

Law360 (July 30, 2018) -- An Illinois federal judge ordered Verizon to pay telecommunications carrier Peerless Network Inc. more than $48 million to resolve a long-running dispute over fees for connecting long-distance calls after finding Verizon had improperly withheld payments.

U.S. District Judge Thomas Durkin awarded the money to Peerless and a group of its subsidiaries on Friday, a few months after he granted the company summary judgment on some of its claims against Verizon in a lawsuit stemming from a decade-long battle between the companies.