Valley Yellow Pages Sues The largest Yellow Pages Company in the country was sued today by its principal independent competitor in Northern California. A lawsuit filed by the Fresno based company AGI Publishing, Inc. that publishes the Valley Yellow Pages directories in cities and counties from Bakersfield to the Oregon border alleges violations of the California Unfair Practices Act (UPA) and seeks both an injunction and damages.
Defendants include AT&T, Inc., and Cerberus. In 2012, those two companies established a new limited liability company called YP Holdings, LLC to own and operate the largest Yellow Pages business in the world. Before 2012, that business had been owned by AT&T, Inc, which until the 1980s, monopolized the telephone business in the United States, and remains one of the 25 largest companies in the world. Cerberus is a private investment company that uses billions of dollars in capital obtained from some of the wealthiest individuals and companies in the world to invest in ventures where it ultimately expects to earn high rates of return for those investors.