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A Dallas-based (OTC: IDARQ.PK) spokesman released a statement saying, "Othed than stating that there is absolutelyno merit, we aren't goinfg to be talking to pending In the suit, the Law Officesx of Howard G. Smith alleges that certain Idearc shareholders were misled by the company and executiv e officers who made false statements to the investing publi saying credit policies had been tightenedx when in reality the law firm says the companuy loosened credit polices to establishb revenuethat “would not be When the nature of the crediyt policies became known, Idearc's stock took severap precipitous drops, according to a news release from Smith'z office.
Smith’s office said it is seeking to recovefr damages on behalf of class members who he says were hurt whenthe company’es share price plummeted on news that Idearc’ds credit policies were not in line with previous expectations.
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