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The ultimate defense for slander and libel is truth. As long as Verizon tells the truth, they won't be liable for any damages done to AT&T.

However, those damages don't include what AT&T is doing to itself by not investing enough in their network. Just imagine if AT&T had a network as powerful as Verizon and kept a smartphone like the iPhone. I would switch in a heartbeat and they wouldn't have to worry about frivolous lawsuits.

Honest question, does AT&T inform customers living in areas without 3G coverage of that fact when selling them an iPhone 3G?