Telco Rollover Wins Verizon $50 Billion Lawsuit

Is this what they meant by "rollover minutes?" Verizon was slapped with a lawsuit for up to $50 billion last week over its involvement in supplying the National Security Agency (NSA) with customer phone records. The suit was filed Friday, just a day after USA Today refused access to its phone records without the proper warrants. Bruce Afran and Carl Mayer, two New Jersey attorneys on behalf of Verizon's 50 million customers, are seeking $1,000 per violation as outlined in the Telecommunications Act of 1934. "The Telecommunications Act of 1934 is as clear as clear can be," tax break scandals, and "recent similar lawsuit against AT&T, filed by the Electronic Frontier Foundation, for allegedly allowing government agencies to tap phone conversations. The DoJ may block the suit from going forward, saying that state secrets may be divulged in the course of the trial. News of the lawsuit dropped Verizon shares nearer to its 52-week low, plummeting by 1.26% as of 1:31 PM Monday. | document.write("Email Murdok here.") Drag this to your Bookmarks. Add to document.write("Del.icio.us") Yahoo My Web