Verizon to settle 7-year-old 401(k) lawsuit [telecom]

By Robert Steyer

Verizon Communications Inc. has agreed to settle a 7-year-old ERISA lawsuit filed by a former participant in a company 401(k) plan.

A brief statement announcing the agreement in principle was filed June

5 in a U.S. District Court in New York by the plaintiff's attorney in the case of Melina N. Jacobs vs. Verizon Communications Inc. et al.

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