Judge Won't Give Idearc Creditors Jury Trial In $9.9B Suit
By Jess Davis
Law360, Dallas (June 7, 2013, 9:44 PM ET) -- A Texas federal judge Wednesday rejected an attempt by creditors for the bankrupt former phone directory company Idearc Inc. to secure a jury trial for their challenge to the value of the company at the time of its $9.9 billion spinoff from Verizon Communications Inc.
U.S. Bank NA, litigation trustee for Idearc’s creditors, on Monday filed a motion asking U.S. District Judge Joe A. Fish to amend an earlier decision that struck the creditors’ jury demand or to certify the ruling so the creditors could immediately...