Verizon Communications (NYSE:VZ): Current price $49.166
Verizon’s relationship with the bankrupt directory company Idearc has led to it being sued for $2.85 billion in debt and interest in a lawsuit filed in New York State Supreme Court in Manhattan. The suit is related to the non-payment of debt evidenced by 8 percent senior notes due 2016 that were issued through an agreement between Idearc and U.S. Bank as indenture trustee dated November 2006, said the court filings.
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