Idearc Class Action Lawsuit
Idearc, Inc. | | | This action is brought on behalf of all purchasers of the common stock of Idearc, Inc. during the period August 10, 2007 through March 31, 2009, inclusive (the “Class Period”). The Complaint charges certain of the Company’s executive officers with violations of sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and S.E.C. Rule 10b-5. The Complaint alleges that during 2007 the Company relaxed its credit policies in order to increase the dollar amount of the revenue which it reported to stockholders. While defendants touted the Company’s ever-improving, “stringent” credit and collection policies, the Company reported tens of millions ... | | read more | |
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