RH Donnelley Can Tap $300M In Cash: Judge

Law360, New York (June 1, 2009, 12:00 AM EDT) -- R.H. Donnelley Corp. has received approval for all 12 of its first-day motions, allowing the print and online directory company to access $300 million of its available cash and to continue to pay prepetition employee wages and benefits.

Judge Kevin Gross granted the motions on Monday in the U.S. Bankruptcy Court for the District of Delaware, consolidating the cases of R.H. Donnelley and 19 of its affiliates.

"The relief granted yesterday ensures R.H. Donnelley can continue business as usual as we take steps to restructure the...
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