Verizon Gets Investors’ Lead Cable Suit Tossed With Finality

Verizon Communications Inc. investors again failed to adequately plead securities fraud claims over company statements about allegedly toxic lead-encased cables, a federal court ruled.

New material in the latest version of the investors’ complaint largely echoes older allegations previously rejected as insufficient to state a claim, Judge Edward S. Kiel said May 29 for the US District Court for the District of New Jersey. The investors won’t get another chance to replead, he said.

• Investors sued Verizon, Lumen Technologies Inc., and AT&T Inc. over allegedly toxic—and often buried—lead-covered copper wiring inherited from the former Bell System regional telephone network
• Wall ...