Current news, information and court opinions involving InfoSpace Derivative Litigation
InfoSpace Court Opinions:
- Order
on Summary Judgment
August 22nd, 2003. United States District Court, Western District of Washington at Seattle -
Summary Judgment Court Order
May 14th, 2003. United States District Court, Western District of Washington at Seattle
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InfoSpace In the News:
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InfoSpace founder goes on offensive over court ruling
Wednesday, August 27, 2003. By JOHN COOK. SEATTLE POST-INTELLIGENCER REPORTER.
InfoSpace founder Naveen Jain, who was ordered to pay $247 million last week for violating insider trading laws, continues his legal and public relations fight. Yesterday, Jain’s public relations firm issued a news release that said the... -
InfoSpace founder ordered to pay up - $247 million up
Saturday, August 23, 2003. By DAN RICHMAN. SEATTLE POST-INTELLIGENCER REPORTER.
A federal court here ruled yesterday that Naveen Jain, the founder and former chief executive of Bellevue-based InfoSpace Inc. must pay $247 million to the company for violating securities laws. Naveen Jain. But an unrepentant Jain, along with his co-defendant wife... -
Judge won’t reconsider; InfoSpace founder may owe $245 million
Friday, July 11, 2003. By DAN RICHMAN. SEATTLE POST-INTELLIGENCER REPORTER.
A court ruling yesterday left InfoSpace Inc. founder Naveen Jain one step closer to owing the company more than $200 million. U.S. District Judge Marsha Pechman declined to reconsider her mid-May ruling that Jain, who served as chief executive of the Bellevue Internet-service... -
Former InfoSpace CEO faces $200 million fine
Saturday, May 17, 2003. By JOHN COOK AND DAN RICHMAN. SEATTLE POST-INTELLIGENCER REPORTERS.
Naveen Jain always wanted to make it big. But the 43-year-old founder of InfoSpace Inc. never thought that could mean having to pay one of the biggest insider stock penalties in U.S. history. U.S. District Judge Marsha Pechman ruled Wednesday that Jain, who was chief... -
InfoSpace execs face rare derivative suit
Wednesday, April 4, 2001. By JOHN COOK. SEATTLE POST-INTELLIGENCER REPORTER.
More than a dozen InfoSpace executives and board members, including founder Naveen Jain and former President Russell Horowitz, have been named in a $2 billion shareholders derivative suit that alleges illegal insider trading.The suit, filed in King County Superior Court on March 19, claims that exec...