Posts Tagged ‘lawsuits’

RHD Suit Settled for $25 Million – Yellow Pages Obsolescence Claimed

Monday, February 27th, 2012

A class-action lawsuit brought by stockholders against the former R.H. Donnelley Yellow Pages company and some of its executives was settled earlier this month for $25 Million.

The stockholders in the suit (“Local 731 I.B. of T. Excavators and Pavers Pension Trust Fund et al. v. Swanson et al“) had said that executives had made false claims during the period, stating that print Yellow Pages were not becoming obsolete, among other things, and that they had made false assurances about the financial condition of the business.

RHD had filed for Chapter 11 reorganization in 2009, and later emerged from bankruptcy under the new name, Dex One Corporation, in 2010.

Aside from the claims around the company’s finances, the issue of whether print Yellow Pages are becoming obsolete or not has been a controversial one in the past. (more…)

Idearc (Superpages) Trustee Files Lawsuit Against Verizon Over Bankruptcy

Friday, September 17th, 2010

Wow! U.S. Bank is suing Verizon for spinning-off their yellow pages unit, called “Idearc Media” after the spinoff, with too high a debt load. Idearc Media was the operator of, a major internet yellow pages site. U.S. Bank is the trustee for Idearc.

Verizon & Involvement in Fairpoint Communications & Idearc Bankruptcy Filings idearc media logo

For anyone who hasn’t followed the string of companies involved, here’s the super-brief overview: (more…)

Yelp CEO Claims Biz Owners Just Don’t Understand Their Review Filter Algorithm

Sunday, March 28th, 2010

YelpA few days ago, a New York Times interview with Yelp CEO Jeremy Stoppelman quotes him as saying that they don’t extort companies in return for suppressing negative reviews, but business owners fail to comprehend that reviews may appear and disappear based upon an algorithm that runs in the background.