Quote:

Litigation

The Company is defending against several legal actions brought against the Company. The Company believes that these actions are without merit and intends to defend vigorously against these actions. The Company cannot provide assurances as to the outcome of the actions, nor can the range of losses, if any, be estimated. Accordingly, no losses have been accrued. A negative outcome from any of these actions could result in a material loss to the Company.

Is VZ still trying to wait and see what happens with all these litigations before they make their move?

I'd speculate that they'd like to see us go BK and thus default on our MOC, so that we have no case for Arbitration?