Verizon Wins Ruling in $9.5 Billion Lawsuit Over Idearc Spinoff

Verizon Wins Ruling in $9.5 Billion Lawsuit Over Idearc Spinoff

Andrew Harrer/Bloomberg

Verizon Communications Inc. will likely win a lawsuit over the 2006 spinoff of its directory business, a federal judge said after rejecting claims that the business was insolvent at the time of the deal.