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U.S. Bank National Association v. Verizon Communications Inc et al
Case Number:
3:10-cv-01842
Court:
Nature of Suit:
Judge:
Firms
- Bailey Brauer
- Carter Arnett
- Friedman & Feiger
- Frost Brown
- Haynes & Boone
- Jackson Walker LLP
- Keating Brown PLLC
- Kellogg Hansen
- Maynard Nexsen
- McKool Smith
- Morgan Lewis
- Phillips Murrah
- Sidley Austin
- Weaver Johnston
- Weil Gotshal
- WilmerHale
- Winston & Strawn
Companies
Sectors & Industries:
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June 18, 2013
Verizon Finishes Off Creditor Suit Over $9B Idearc Spinoff
Verizon Communications Inc. on Tuesday defeated a $9 billion fraudulent transfer suit that targeted its spinoff of the former Idearc Inc., when a Texas federal judge ruled that the bankrupt phone directory company's creditors couldn't prove that Verizon had intended for the spinoff to fail.
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June 07, 2013
Judge Won't Give Idearc Creditors Jury Trial In $9.9B Suit
A Texas federal judge Wednesday rejected an attempt by creditors for the bankrupt former phone directory company Idearc Inc. to secure a jury trial for their challenge to the value of the company at the time of its $9.9 billion spinoff from Verizon Communications Inc.
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January 22, 2013
Judge Dents Claims That Verizon Overvalued $10B Spinoff
A Texas federal judge said Tuesday that Verizon Communications Inc.'s former Idearc Inc. unit was worth at least $12 billion during its $9.9 billion spinoff before it went bankrupt, denting U.S. Bank NA's arguments that the telecom giant inflated Idearc's value in the sale.
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October 26, 2012
Verizon, US Bank Wrap First Phase Of Idearc Spinoff Trial
Verizon Communications Inc. on Friday rested its defense in Texas federal court against U.S. Bank NA's claims the telecom giant grossly inflated the value of Idearc Inc., which later filed for bankruptcy, in a $9.9 billion spinoff deal, but won't get a ruling in the case before December.
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October 25, 2012
Ex-Verizon CFO Testifies $9.9B Idearc Spinoff Was Not 'Sneaky'
Verizon Communications Inc.'s former chief financial officer testified Thursday in Texas federal court that she stands by the legitimacy of the company's $9.9 billion spinoff of Idearc Inc., which later filed for bankruptcy, and denied U.S. Bank NA's allegations that Verizon lied to investors and the U.S. Securities and Exchange Commission.
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October 23, 2012
Analysts Say Idearc Was Strong Enough For $9B Debt
Investment bankers who advised Verizon Communications Inc. in its $9.9 billion spinoff of Idearc Inc. testified Tuesday in Texas federal court the company was in good financial shape before the deal, refuting U.S. Bank NA's allegations that Idearc was insolvent and doomed to bankruptcy.
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October 19, 2012
Verizon Can't End US Bank Trial Over $9.9B Idearc Spinoff
A Texas federal judge on Friday denied Verizon Communications Inc.'s move to end the trial in which U.S. Bank NA is challenging the $9.9 billion spinoff of Verizon's Yellow Pages business, saying he needed more information to determine the value of Idearc Inc. at the time of the deal.
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October 18, 2012
Verizon Official May Be Called To Court For US Bank Trial
A Texas federal judge on Thursday told Verizon Communications Inc. may need to have its CEO or chief financial officer present for the remainder of a trial in which U.S. Bank NA alleges Verizon acted fraudulently in a $9.9 billion spinoff of its Yellow Pages business into Idearc Inc., leading to its bankruptcy.
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October 17, 2012
US Bank Expert Slams Verizon's Data In $9.9B Idearc Deal
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.
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October 16, 2012
Verizon Exec Defends Idearc Spinoff In US Bank Trial
A Verizon Communications Inc. executive on Tuesday said in Texas federal court that the company's $9.9 billion spinoff of its Yellow Pages division wasn't a scheme orchestrated to sink the spunoff company with debt, as trial continued in U.S. Bank NA's challenge of the 2006 deal.