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Monday, December 10, 2012

Sweet ERISA: Pru wins in court, seals pension transfer with Verizon

Prudential Insurance Co. of America today closed a deal with Verizon that will shift billions in pension liabilities to the insurer, fresh off a court victory against retirees who sought to block the transaction.

http://www.investmentnews.com/article/20121210/FREE/121219997

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