Yellow Pages Publisher Idearc Ducks ERISA Suit

Law360, New York (March 17, 2011, 5:26 PM EDT) -- Yellow Pages directories publisher Idearc Inc. dodged a class action Wednesday when a Texas federal judge dismissed claims from retirement plan participants, saying the company didn't have to stop offering Idearc stock as an investment option while it approached bankruptcy.

Judge David Godbey of the U.S. District Court for the Northern District of Texas approved Idearc's motion to dismiss claims from retirement plan participants who alleged that the directory business' officers provided company stock as a viable investment option while using misleading statements about the company's...
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