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...
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