Nonmonetary

Court Approves Verizon Settlement Over Merger Tax Objections; Sets New Standard

A Manhattan New York state appeals court on Thursday said the class action settlements should be assessed in approving a class action settlement involving a challenge by shareholders to Verizon Communications Inc’s ( VZ )$130 billion acquisition of Vodafone Group Plc’s (VOD.L)subsidiaries. The Appellate Division, First Department, decision said that shareholders and Verizon were …