According to news reported by Bloomberg, leading telecom carrier, Verizon Communications Inc. ( VZ ) has agreed to settle a pending lawsuit against its $130 billion deal with Vodafone Group plc ( VOD ) to acquire its 45% stakes in Verizon wireless. The lawsuit was filed by investor Natalie Gordon in New York State Supreme Court with the aim of obstructing this deal. Following the Federal Communications Commission (FCC) approval, Verizon's eagerness to settle disputes that may hamper successful completion of this deal is a positive sign. Thus, we remain hopeful of the deal's closure in the stipulated first quarter of 2014. On Dec 6, both the parties involved in the lawsuit signed a memorandum to settle the dispute, which has been filed in the court this week. This settlement is now awaiting the green signal from court. Verizon is currently looking forward to its shareholder's meeting on Jan 28.