InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 92.23

-4.3%

3:59 PM EST

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To: Roger Sherman who wrote (26153)	7/1/2001 4:44:15 PM
From: Charles W. Breaux, Jr.	Read Replies (2) of 28311

Roger: I've just been catching up with the last 100 or so posts on the thread, & I want to add my thanks for the effort you've put into elucidating this whole lawsuit issue. My only previous experience with such a suit was as a shareholder of Corel. A class action suit was filed based on insider selling by the CEO, Michael Cowpland, two months before a big surprise quarter loss which presaged a couple of recent bad years for the company. The suit was eventually settled. I naively filled out the paperwork that was sent to me as a member of the class. I didn't expect anything to come of it, but I recently received a check for several hundred $ (about 3% of my total investment). I, too, have mixed feelings about the whole thing. I remain an INSP shareholder (by way of GNET), so anything that hurts the company & hurts the stock price hurts me. On the other hand, if money is going to be handed out in a settlement, the lawyers shouldn't get it all (although they will get more than anybody else). Thanks again for your assistance. I always enjoy reading your informative posts. Chuck, #85 (although I've probably moved up on the list)

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