Idearc Investors Want High Court To Review Ch. 11 Plan

Law360, New York (January 18, 2012, 6:34 PM EST) -- A group of investors who unsuccessfully attempted to appeal a bankruptcy court's confirmation of the plan for Verizon Communications Inc. spinoff Idearc Inc. in the Fifth Circuit petitioned the U.S. Supreme Court last week to hear their case.

In November, the Fifth Circuit affirmed the dismissal of the appeal from the Spencer Ad Hoc Equity Committee — a group of prebankruptcy shareholders who claim their ownership in the reorganized corporation SuperMedia Inc. was canceled by the plan — on the grounds of equitable mootness.

The committee...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.