Judge:  Verizon Owed $24M In Defense Costs Incurred In Fraudulent Transfer Suit

(February 26, 2021, 8:37 AM EST) -- WILMINGTON, Del. — A Delaware judge on Feb. 23 held that Verizon Communications Inc. can recoup approximately $24 million in defense costs it incurred in defending against an underlying fraudulent conveyance lawsuit that settled for $95 million, further finding that the insurers failed to demonstrate that coverage is unavailable under Verizon’s tower policies as a matter of law....

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