Yellow Pages Publisher Strikes $4M Deal With Bain & Co.

Law360, New York (August 19, 2011, 6:08 PM EDT) -- Yellow Pages publisher Local Insight Media Holdings Inc. agreed Thursday to pay $4 million to settle a bankruptcy claim brought in Delaware by consulting firm Bain & Co. Inc.

Bain & Co. claimed Local Insight and its subsidiaries owed it $5.2 million for consulting services it provided under an engagement agreement signed in January 2009. Under terms of the agreement, the settlement will be paid as an allowed claim against Local insight subsidiary The Berry Co. LLC.

"As the result of good faith, arm's length negotiations,...
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