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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 81.31+2.4%3:59 PM EST
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To: levy who wrote (22896)12/20/2000 6:32:23 PM
From: Puck   of 28311
 
If they don't settle, it will be several years before this case can come to trial. I can't envision any court ordering the enforcement of an alleged verbal contract between an employee and his company stating that the employee will forever be granted more options than any other employee. No company has ever done such a thing. I'm willing to go along with the idea that at the time he was hired, he may have been led to believe that he would be granted more options than any other employee. I don't know how many options InfoSpace employee's had outstanding in 1998, but I expect the million share Naveen Jain placed in escrow probably is enough to cover this contingency, if need be, which is, after all, what those shares were for. The fact that the two other suits were settled for $15 mil. ought to give an indication of what the economics of the situation are.
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