By Greg Stohr
The U.S. Supreme Court refused to revive a suit that claimed Verizon Communications Inc. owed as much as $1.7 billion in additional retirement benefits because of an error made by a lawyer in drafting the pension plan.
The justices Monday rejected an appeal by a retired worker who sought to hold the company to the literal wording of its plan, including an unintended provision that would have required extra payments to 10,000 employees. More than 130 workers would have received an additional $500,000.