Hey, we hate lawsuits just as much as the next guy, but we're finding it hard to fault Verizon for this one. Verizon and Time Warner Cable arrived in court on Wednesday to settle a tiff over some ads that Verizon claims offer up misleading info about Verizon's FiOS service. Listed among the complaints include supposed false implications by TWC that FiOS requires a satellite dish, doesn't include phone, broadband and video, and that Time Warner's network is better. Time Warner Cable is naturally calling the lawsuit "without merit." Verizon wants TWC to stop running the ads and issue a retraction, as well as compensate them for lost revenue. We're not positive which ad Verizon is referring to, but if it's anything like the ad after the break -- which has some downright false implications about Time Warner Cable using fiber optics "for over a decade" -- then Verizon very well might have something here. [Disclosure: Engadget is part of the Time Warner family]

Update: Reader Max sent us in a version of the ad in which it's actually implied that Verizon requires a satellite dish for its FiOS service. Seriously, you can't make this crap up -- well, apparently TWC can. Ad after the break.