Verizon, Cablevision Settle Suit Over Internet-Speed Ads
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Verizon Communications Inc., the second-biggest U.S. phone company, and Cablevision Systems Corp. settled a lawsuit over ads that Cablevision claimed misrepresented its Internet speeds.
Cablevision, the fifth-largest U.S. cable-television provider by subscribers, sued Dec. 6 claiming Verizon was using outdated information. The ads ran their course Dec. 17 and Verizon will have new ads sometime in the future, company spokesman William Kula said.