NEW YORK, Oct. 26, 2009 (GLOBE NEWSWIRE) -- Gainey & McKenna has filed a class action lawsuit in the United States District Court for the District of Delaware, on behalf of all persons who purchased securities of R.H. Donnelley Corporation ("RH Donnelley" or the "Company") (Pink Sheets:RHDCQ) during the period between July 26, 2007 and May 29, 2009 (the "Class Period").
The Complaint alleges that certain officers of RH Donnelley violated the Securities Exchange Act of 1934. The Complaint alleges that Defendants issued materially false and misleading statements regarding the Company's business and financial results. The Complaint alleges that Defendants caused the Company to fail to properly account for its bad debt expense and timely write down its impaired goodwill. As a result of Defendants' false and misleading statements, RH Donnelley's stock traded at artificially inflated prices during the Class Period, trading as high as $66.67 in July 2007.
Plaintiff seeks to recover damages on behalf of all purchasers of RH Donnelley securities during the Class Period (the "Class"). The Plaintiff is represented by Gainey & McKenna, which has expertise in prosecuting investor class actions and actions involving financial fraud.
If you wish to serve as lead plaintiff, you must move the Court no later than December 22, 2009. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Plaintiff's counsel, Thomas J. McKenna of Gainey & McKenna at 212-983-1300, or via e-mail at tjmckenna@gaineyandmckenna.com.