SOURCE: Rosen Law Firm PA

October 31, 2009 23:54 ET

Rosen Law Firm Announces Class Action Lawsuit Against Certain Officers and/or Directors of R.H. Donnelley Corporation -- RHDCQ.PK

NEW YORK, NY--(Marketwire - October 31, 2009) - The Rosen Law Firm, P.A. announces that a class action lawsuit has been filed on behalf of all purchasers of R.H. Donnelley Corporation ("RH Donnelley") (PINKSHEETS: RHDCQ) publicly traded securities during the period between July 26, 2007 and May 28, 2009, inclusive (the "Class Period").

To join the R.H. Donnelley class action, go to the website at http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action. The case is pending in the United States District Court for the District of Delaware.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER. YOU MAY ALSO RETAIN COUNSEL OF YOUR CHOICE.

The complaint claims that certain officers and/or directors of R.H. Donnelley's violated the Securities Exchange Act of 1934 in connection with the issuance of materially false and misleading statements about the Company's business and financial results. The complaint asserts that defendants caused the Company to fail to timely account for its bad debt expense and timely write down write down its impaired goodwill. Specifically, the Complaint asserts that defendants issued material misstatements and/or failed to disclose the following: (i) the Company violated Generally Accepted Accounting Principles by not properly reserving for its bad debts; (ii) the Company's lower advertising revenue was not solely cyclical, but was also caused by a shift of the Company's customers away from print and yellow pages advertising; (iii) the Company materially understated its exposure to liquidity concerns and ratings downgrades; and (iv) the Company had no reasonable basis for its financial projections issued during the Class Period.

A class action lawsuit has already been filed on behalf of R.H. Donnelley shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than December 22, 2009. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.

The Rosen Law Firm represents investors throughout the world, focusing its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information

  • Contact Information:

    Laurence Rosen, Esq.
    Phillip Kim, Esq.
    The Rosen Law Firm P.A.
    350 5th Avenue, Suite 5508
    New York, New York 10118
    Tel: (212) 686-1060
    Weekends Tel: (917) 797-4425
    Toll Free: 1-866-767-3653
    Fax: (212) 202-3827
    Email Contact
    Email Contact

    www.rosenlegal.com