US Bank Expert Slams Verizon's Data In $9.9B Idearc Deal

Law360, Dallas (October 17, 2012, 10:02 PM EDT) -- A U.S. Bank NA expert on Wednesday testified Verizon Communications Inc. gave investors “shockingly” misleading projections for the growth of its spinoff Idearc Inc., in the third day of a Texas federal court trial in U.S. Bank’s challenge to the $9.9 billion deal that preceded Idearc's bankruptcy. 

Carlyn Taylor of FTI Consulting Inc. said her team’s review of the 2006 spinoff deal, conducted on behalf of Idearc after it filed for bankruptcy in 2009, showed a “more than disturbing” and “highly irregular” effort by Verizon executives...
To view the full article, register now.