Verizon Communications Inc. management retirees can move ahead with their class-action lawsuit stemming from the company’s decision to sell its pension liabilities to Prudential Insurance Co. of America.

A U.S. District Court judge has ruled that the 41,000 retirees impacted by the buyout could sue as a group. The judge also ruled that another 50,000 plan participants whose benefits weren’t transferred in the deal also could sue.

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