Dallas Federal Judge Rules for Verizon in $9 Billion Lawsuit

Creditors in the 2010 bankruptcy case of Dallas-based Idearc Inc. seeking to recoup more than $9 billion in losses were dealt a near certain death blow Tuesday when a federal judge in Dallas ruled they have almost no chance of winning their case.

US District Judge Joe Fish, in a 66-page written decision and in a subsequent three page show cause order, said that Idearc, a publisher of the US Yellow Pages for small and medium sized businesses, was valued at more than $12 billion when Verizon Communications spun off the Dallas business directory in 2006.