Posts Tagged ‘spinoffs’

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…)