IDARQ Idearc, Inc. featured news, full reports, and detailed charts
Idearc, Inc. (IDARQ/IDARQ.PK) Wrap Up:
Idearc Inc., through its subsidiaries, provides yellow and white page directories and related advertising products in the United States and the District of Columbia. Its products include print yellow and white pages; Superpages.com, an online local search product; and Superpages Mobile. Its yellow pages directories offer a range of advertising options, including listing, in-column advertising, and display advertising, as well as specialty products, including color coupons and special offers, advertising space in various specialty guides, gatefold sections, and a call measurement service. The company?s white page directories provides advertising options, including bolding and highlighting for added visibility, extra lines to include supplemental information, and in-column and display advertisements. Its Superpages.com provides geographic search contents; business and residential listings; video advertisements; fixed fee advertisements; performance based advertising products; full-service PBAP management; self service management options; Website hosting and design services, including e-commerce and Web 2.0 technologies; links to business Websites; restaurant and hotel reservation options; promotional coupons; shopping search services; movie listings and show times; street and aerial maps; driving directions; Microsoft Windows Live Messenger instant messaging network; listings of local Wi-Fi hotspots; local weather and traffic conditions; and photos and blogs of local businesses. The company?s Superpages Mobile is an information directory for wireless subscribers. Idearc Inc. also offers direct and database marketing services. As of December 31, 2008, it published approximately 1,200 distinct directory titles. The company is headquartered in D/FW Airport, Texas. On March 31, 2009, Idearc Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Northern District of Texas.Idearc, Inc. (IDARQ:OTC)
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Key developments for Idearc, Inc. (IDARQ)
Idearc Inc. announced the reorganization of the Corporation’s Sales divisions from three to two: East and West. As part of the reorganization, Scott Laver’s position as Executive Vice President Central is being eliminated, effective immediately. Mr. Laver will retire from the Corporation, effective September 30, 2009.
Idearc Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $.01 per share.
Glancy Binkow & Goldberg LLP has filed a class action lawsuit in the United States District Court for the Northern District of Texas on behalf of a class consisting of all persons or entities who purchased the common stock of Idearc Inc., between August 10, 2007 and March 31, 2009, inclusive. The complaint charges certain of the company's executive officers with violations of federal securities laws. Specifically, the complaint alleges that during 2007 the company relaxed its credit policies in order to increase the amount of revenue which it reported to stockholders, while defendants touted the company's ever-improving, 'stringent' credit and collection policies. By selling to non-creditworthy customers, the company effectively reported tens of millions of dollars of sales that it otherwise would not have reported, while accumulating tens of millions of dollars of uncollectible receivables.
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IDARQ transactions
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Target |
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Bankruptcy
September 4, 2009 |
A Advocates & Attorneys of Kennedy Law Group, P.A. |