Plaintiff Dismisses His Lead-Cable Claims vs. Verizon Only 4 Days After Bringing Them

Four days after filing a shareholder derivative class action against Verizon CEO Hans Vestberg and 15 current and former board members for allegedly covering up their knowledge of Verizon’s abandoned toxic lead-laden telecom cables (see 2401050001), plaintiff Wade Sarver voluntarily dismissed his claims against all the defendants without prejudice, said his notice of dismissal Monday (docket 3:24-cv-00063) in U.S. District Court for New Jersey in Trenton. No defendant has filed an answer or moved for summary judgment, said the notice. Neither Sarver nor his counsel, Laurence Rosen of the Rosen Law Firm, “has received or will receive directly or indirectly any consideration for the dismissal,” it said. Rosen is the same attorney who previously helped bring shareholder derivative class actions against top AT&T and Verizon executives and board members, also for allegedly concealing what they knew about the abandoned lead cables (see 2308020046).