Gordon v. Verizon Communications, Inc

In Gordon v. Verizon Communications, Inc., 2014 WL 7250212 (Sup Ct, NY County Dec. 19, 2014) Justice Schweitzer rejected a disclosure only class action settlement because, as in this case, "the Supplemental Disclosures that are included in the Settlement are so trivial or obviously redundant as to add nothing of material value from a disclosure standpoint." "Merely providing additional information - unless the additional information offers a contrary perspective on what has previously been disclosed - does not constitute material disclosure Even when the additional information goes to the sensitive details of a financial advisor's fairness analysis, the information becomes material only when it corrects a valuation parameter or uncovers a conflict." Id.