Monday, December 21, 2009

R.H. Donnelley Corporation Shareholder Files Lawsuit

An broker in R.H. Donnelley Corporation (Public, OTC:RHDC) has filed a accusation in the United States District Court for the District of Delaware on account of purchasers of R.H. Donnelley Corporation (OTC:RHDCQ.PK) about traded balance during the aeon amid July 26, 2007 and May 28, 2009, adjoin assertive RH Donnelley’s admiral and/or directors.

Those who purchased R.H. Donnelley Corporation (OTC:RHDCQ.PK) about traded balance during the aeon amid July 26, 2007 and May 28, 2009, accept assertive options and there are austere and abbreviate deadlines running. Deadline: December 22, 2009. Those RHDC investors should acquaintance the Shareholders Foundation, Inc at email: mail(at)shareholdersfoundation.com or at: +1 (858) 779 – 1554. According to the complaint the plaintiff alleges that RH Donnelley’s admiral and/or admiral abandoned the Securities Exchange Act of 1934 by arising amid July 26, 2007 and May 28, 2009 materially apocryphal and ambiguous statements apropos R.H. Donnelley’s business and banking after-effects and that the defendants acquired R.H. Donnelley Corp to abort to appropriately anniversary for its bad debt amount and appropriate address down its broken goodwill. The plaintiff accuses that as a aftereffect of defendants’ apocryphal and ambiguous statements, RH Donnelley’s banal traded at artificially aggrandized prices during the Class Period, trading as top as $66.67 in July 2007 and alpha in February 2008, defendants began to accede problems in the Company’s operations and with its banking results. On March 12, 2009, RH Donnelley appear that it had retained a banking adviser to abetment in the appraisal of its basic structure, including assorted antithesis area restructuring alternatives. Then, on May 29, 2009, RH Donnelley filed for bankruptcy. The banal now trades at about six cents per share.
R.H. Donnelley Corporation, amid inCary, NC, is a Yellow Pages and online bounded bartering seek company. The Company provides business solutions to its advertisers that accomplish ready-to-buy consumers for their bounded businesses. It provides bounded seek solutions to consumers bear accordant seek after-effects through a array of book and online media platforms. Before filing for Chapter 11 defalcation R.H. Donnelley Corporation appear in 2007 Total Revenue of $2.6803billion with a Net Income of $46.86million and in 2008 Total Revenue of $2.61681billion with a Net Loss of $2.298.33billion. The aggregation had assets of $11.9 billion and debt of $12.4 billion as of Dec. 31, according to Chapter 11 abstracts filed in U.S. Bankruptcy Court in Wilmington, Delaware.

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