Robbins Geller Rudman & Dowd LLP Announces Idearc Securities Settlement

  Robbins Geller Rudman & Dowd LLP Announces Idearc Securities Settlement

Business Wire

DALLAS -- July 5, 2013

TO: ALL PERSONS WHO PURCHASED THE SECURITIES OF IDEARC, INC. (“IDEARC” OR THE
“COMPANY”) BETWEEN AUGUST 9, 2007 AND OCTOBER 30, 2008, INCLUSIVE (“CLASS
PERIOD”)

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF TEXAS DALLAS DIVISION
                                    
JAN BUETTGEN, on Behalf of              Civil Action No. 3:09-cv-00791-K
Himself and
All Others Similarly Situated,          (Consolidated with Nos.
                                        3:09-cv-00938-K;
Plaintiff,                              3:09-cv-1049-K and 3:09-cv-1552-K)
                                        
vs.                                     CLASS ACTION
                                        
KATHERINE J. HARLESS, et al.,
                                       

Defendants.

YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States
District Court for the Northern District of Texas, a hearing will be held on
November 12, 2013, at 10:00 a.m., before the Honorable Ed Kinkeade, United
States District Judge, at the Earle Cabell Federal Building and United States
Courthouse, 1100 Commerce Street, Courtroom 1627, Dallas, TX 75242, for the
purpose of determining (1) whether the proposed settlement of the Action for
the sum of Thirty-Three Million, Seven Hundred and Fifty Thousand Dollars
($33,750,000.00) in cash should be approved by the Court as fair, reasonable,
and adequate, which would result in this Action being dismissed with prejudice
against the Released Persons as set forth in the Settlement Agreement dated
June 7, 2013; (2) whether the Plan of Distribution of settlement proceeds is
fair, reasonable, and adequate and therefore should be approved; and (3) the
reasonableness of the application of Lead Counsel for the payment of
attorneys’ fees and expenses in connection with this Action, together with
interest thereon.

If you purchased Idearc securities, your rights may be affected by this Action
and the settlement thereof. If you have not received a detailed Notice of
Pendency and Proposed Settlement of Class Action and a copy of the Proof of
Claim and Release form, you may obtain copies by writing to Idearc Securities
Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 990, Corte
Madera, CA 94976-0990, or by downloading this information at www.gilardi.com.
If you are a Class Member, in order to share in the distribution of the Net
Settlement Fund, you must submit a Proof of Claim and Release form postmarked
no later than October 18, 2013, establishing that you are entitled to a
recovery. You will be bound by any judgment rendered in the Action unless you
request to be excluded, in writing, to the above address, postmarked by
September 3, 2013.

Any objection to any aspect of the settlement must be filed with the Clerk of
the Court no later than September 3, 2013, and received by the following no
later than September 3, 2013:

ROBBINS GELLER RUDMAN & DOWD LLP            LOCKE LORD LLP
DEBRA WYMAN                                   HARRIET MIERS
655 West Broadway, Suite 1900                 2200 Ross Avenue, Suite 2200
San Diego, CA 92101                           Dallas, TX 75201
                                              
KENDALL LAW GROUP, LLP                        KIRKLAND & ELLIS LLP
JOE KENDALL                                   JAY P. LEFKOWITZ
3232 McKinney Avenue, Suite 700               601 Lexington Avenue
Dallas, TX 75204                              New York, NY 10022
                                              
Counsel for Plaintiffs                        Counsel for Defendants
                                              
PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.
                                              
DATED: July 2, 2013                           BY ORDER OF THE COURT
                                              UNITED STATES DISTRICT COURT
                                              NORTHERN DISTRICT OF TEXAS

Contact:

Robbins Geller Rudman & Dowd LLP
Debra Wyman, 619-231-1058
 
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