Cablevision, Verizon bury Internet speed claim battle hatchet

Cablevision (NYSE: CVC) and Verizon (NYSE: VZ) have settled lawsuits over an advertising battle in which each service provider criticized the actual speed of each other's Internet service offerings.

"Cablevision and Verizon have resolved the dispute to both parties' satisfaction," read a statement released to FierceCable by Cablevision representative Lisa Anselmo. Check out FierceCable's coverage here.