Verizon has been sued by investors who claim the telecommunications giant violated U.S. securities laws by failing to disclose environmental and health risks associated with lead-wrapped cables it owns.
has been sued by investors who claim the telecommunications giant violated U.S. securities laws by failing to disclose environmental and health risks associated with lead-wrapped cables it owns.filed in a western Pennsylvania federal court on Tuesday covers potentially thousands of investors who purchased or acquired Verizon stock before a report by the Wall Street Journal revealed that the company owns toxic lead-clad cables across the country.
The company has said it is doing testing of potential lead covered cables, and claims it has also been working with the U.S. Environmental Protection Agency. That federal agency that it is investigating the risks from lead-clad telecom cables owned by Verizon and AT&T, which was also a focus of the newspaper’s report.
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