Attorney Swaps in New Plaintiff for Previously Dismissed Lead Cable Suit vs. Verizon

A day after plaintiff Wade Sarver voluntarily dismissed without prejudice his claims that Verizon CEO Hans Vestberg and 15 current and former board members covered up what they knew about Verizon’s toxic lead cables -- doing so only four days after filing his lawsuit (see 2401090045) -- his attorney, Laurence Rosen, refiled the identical complaint Tuesday (docket 3:24-cv-00132) in U.S. District Court for New Jersey in Newark. In the new complaint, Gerry Gabel, like Sarver a Verizon shareholder, “seeks to recover substantial damages for violations of securities laws attributable to these buried, toxic wires and their nondisclosure.” Rosen didn’t respond to emails seeking comment.