Verizon Communications was awarded defense costs in excess of $40 million after years-long battle over securities claim litigation.
In a court battle spanning nearly 10 years, the score was finally settled when the Delaware Superior Court awarded Verizon Communications $40 million in unreimbursed defense costs plus millions more in prejudgment interest.
The telecommunications conglomerate went up against its primary and excess liability insurance carriers after they denied coverage to Verizon…