Filed Under:Annuities, Sales Strategies

Judge disconnects lawsuit vs. Verizon pension transfer

AP Photo/Mary Altaffer
AP Photo/Mary Altaffer

A U.S. District Court judge in Texas has dismissed a lawsuit by Verizon retirees to stop the transfer of their pensions to annuities distributed by Prudential.

In an opinion handed down on Monday, Sidney A. Fitzwater, chief judge for the U.S. District Court for the Northern District of Texas, Dallas Division, ruled in favor of Verizon, but also permitted the plaintiffs to re-plead the case.

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Nichole Morford

Nichole Morford
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