RH Donnelley Execs Must Face Shareholder Suit

Law360, New York (June 20, 2011, 2:35 PM EDT) -- A Delaware federal judge last week refused to dismiss a shareholder class action alleging executives of R.H. Donnelley Corp. lied about their yellow pages business to inflate the company's stock, then cashed in before it crashed.

The complaint claims that four executives of the North Carolina print directory company, which emerged from Chapter 11 bankruptcy protection in December, intentionally misled investors about the health of the business by repeatedly reassuring that the yellow pages business was experiencing a cyclical downturn rather than an irreversible shift in...
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