Press Releases

Notice to All RH Donnelley Corp Investors from the Securities Law Firm of Tramont Guerra & Nunez, PA

Coral Gables, Florida January 7, 2010 – The Securities Law Firm of Tramont Guerra & Nunez, P.A. (TGN) makes an announcement to all RH Donnelley Corp (RHDCQ.PK) investors concerning the class action lawsuit (Case No. 09 CV 00799) filed on October 23, 2009, in the United States District Court for the District of Delaware.  The class action lawsuit was filed on behalf of RH Donnelley Corp. (“RH Donnelley”) shareholders who suffered investment losses during the class period from July 26, 2007 through May 28, 2009. The class action alleges RH Donnelley issued public statements which, “made untrue statements of material facts or omitted to state material facts” concerning the profitability of the company operations. This fact was evidenced when RH Donnelly filed Chapter 11 Bankruptcy protection (Petition No. 09-11833) on May 29, 2009 in the United States Bankruptcy Court for the District of Delaware. The Financial Industry Regulatory Authority, (FINRA) is a self regulating organization with sales practice rules and regulations that govern the securities industry’s conduct and safeguard the investing public.  Prospective class members should consider whether an individual securities arbitration claim filed with the Financial Industry Regulatory Authority, (FINRA) is more effective than a class action for recovery of their investment losses in RH Donnelley.

Many investors were advised by their financial advisors that an investment in RH Donnelley was a suitable investment. In some instances, individuals invested a disproportionate amount of their portfolio in RH Donnelley stock which resulted in a concentrated position which may have exposed investors to unnecessary and uncompensated risk. Brokerage firms are obligated to give, and investors are entitled to rely upon, brokerage firms for competent, suitable investment advice in accordance with the FINRA Sales Practice Rules and Regulations. Recommendations of unsuitable investments and/or maintaining unprotected concentrated stock positions are both causes of action that may be available to investors against their full-service brokerage firm in an individual securities arbitration claim filed with FINRA.

The Securities Law Firm of Tramont Guerra & Nunez, PA is a nationally recognized, Martindale Hubbell “AV” rated securities law firm.  To request a confidential consultation from a TGN attorney to determine whether you have a viable individual securities arbitration claim for investment losses that exceed $100,000 from a full service brokerage account, contact us on our website.  To speak directly with an attorney, call (800) 578-0137 and ask for Ben Fernandez, Esquire.

Contact:
Benjamin Fernandez, Esquire
2100 Ponce De Leon Blvd, Penthouse II
Coral Gables, Florida 33431
(800) 578-0137

ben@rtgn-law.com
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