Cablevision Systems Corp. (NYSE: CVC) sued Verizon Communications Inc. (NYSE: VZ) alleging that Verizon falsely advertised that it uses 100% fiber optics. Shares of Cablevision surged $3.77 to close at $24.69 while Verizon stock edged up 14 cents to close at $49.69.
Cablevision sues Verizon
May 20, 2015 at 18:57 PM EDT