Glancy Binkow & Goldberg LLP, Representing Investors Who Purchased R.H. Donnelley Corporation, Announces Class Action Lawsuit and Seeks to Recover Losses

A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201-9150 or Toll Free at (888) 773-9224, by email at info@glancylaw.com, or visit our website at http://www.glancylaw.com.

The Complaint charges certain of the Company’s executive officers and/or directors with violations of federal securities laws. RH Donnelley provides local search solutions and services in the United States. Among other things, the Company publishes yellow pages directories that provide business listings, and white pages directories to residences and businesses across the United States. The Complaint alleges that throughout the Class Period defendants knew or recklessly disregarded that their public statements concerning RH Donnelley’s business and financial performance were materially false and misleading. Specifically, the defendants made false and/or misleading statements and/or failed to disclose that: (a) the Company, in violation of Generally Accepted Accounting Principles (“GAAP”), was not adequately reserving for its bad debts; (b) as a result, its financial results were materially misstated; (c) downward pressure on the Company’s advertising revenue was not exclusively the result of cyclical challenges, but was also due to a permanent shift in customers moving away from print yellow pages advertising; (d) the Company’s liquidity concerns and exposure to ratings downgrades were much greater than it had previously disclosed; and (e) given the turmoil in the U.S. economy and the trends related to a shift away from print advertising, the Company had no reasonable basis to make projections about its 2008 results. The Complaint further alleges that defendants repeatedly assured investors that RH Donnelley had enough liquidity to fund its operations through early 2010. As a result of defendants’ false and misleading statements, RH Donnelley stock traded at artificially inflated prices during the Class Period.

On March 12, 2009, the Company announced that it had retained Lazard, a financial advisory and asset management firm, as a financial advisor to assist in the evaluation of RH Donnelley’s capital structure, including various balance sheet restructuring alternatives. Then, on May 29, 2009, RH Donnelley filed for bankruptcy.

Plaintiff seeks to recover damages on behalf of class members and is represented by Glancy Binkow & Goldberg LLP, a law firm with significant experience in prosecuting class actions, and substantial expertise in actions involving corporate fraud.

If you are a member of the class described above, you may move the Court, no later than December 22, 2009, to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, or Richard A. Maniskas, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by e-mail to info@glancylaw.com.

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
Richard A. Maniskas
310-201-9150 or 888-773-9224
info@glancylaw.com
www.glancylaw.com