Gibbons Director of Business & Commercial Litigation Samuel I. Portnoy has entered an appearance for Verizon's top officers in a pending shareholder derivative lawsuit. The case, filed Jan. 17 in New Jersey District Court by Wolf Haldenstein Adler Freeman & Herz on behalf of Janis Turner, is part of a string of cases accusing the company of failing to mitigate environmental and health hazards posed by miles of toxic lead cables. The suits were triggered by a July 2023 article in the Wall Street Journal describing the public health risks of toxic cables, which led to a decline in share values. The case, assigned to U.S. District Judge Robert Kirsch, is 3:24-cv-00272, Turner v. Vestberg et al.
Telecommunications
January 25, 2024, 10:49 AM