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LEE v. VERIZON COMMUNICATIONS INC.

Civil Action No. 3:12-CV-4834-D.

954 F.Supp.2d 486 (2013)

William LEE, Joanne McPartlin, and Edward Pundt, Individually, and as Representatives of plan participants and plan beneficiaries of the Verizon Management Pension Plan, Plaintiffs, v. VERIZON COMMUNICATIONS INC., et al., Defendants.

United States District Court, N.D. Texas, Dallas Division.

June 24, 2013.

Attorney(s) appearing for the Case

Robert E. Goodman, Jr., Kilgore & Kilgore PLLC, Dallas, TX, Curtis L. Kennedy, Law Office of Curtis L. Kennedy, Denver, CO, for Plaintiffs.

Thomas Leon Cubbage, III, Christian J. Pistilli, Jeffrey G. Huvelle, Covington & Burling LLP, Washington, DC, Joanne R. Bush, Matthew D. Orwig, Jones Day, Dallas, TX, for Defendants.

MEMORANDUM OPINION AND ORDER

SIDNEY A. FITZWATER, Chief Judge.

Defendants move under Fed.R.Civ.P. 12(b)(1) and/or (b)(6) to dismiss this ERISA-based1 class action arising from the decision of a pension plan to purchase a single premium group annuity contract from a third party to settle approximately $7.4 billion of the plan's pension liabilities to certain plan beneficiaries. For the reasons that follow, the court grants...

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