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Microcap & Penny Stocks : INSP Investors Research
INSP 117.19+30.4%Nov 24 3:59 PM EST

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To: howsmydrivingal who started this subject4/16/2002 11:21:02 AM
From: Puck   of 787
 
InfoSpace Clarification on Pending Litigation

BELLEVUE, Wash.--(BUSINESS WIRE)--April 16, 2002--InfoSpace, Inc. (Nasdaq:INSP - news), a provider of wireless and Internet software and application services, today clarified that the recently filed amended class action complaint against the company does not represent new litigation.

The amendment adds Merrill Lynch as a defendant to the previously filed consolidated class action suit pending in United States District Court (Western District of Washington).

InfoSpace recently filed a motion to dismiss the abovementioned suit and does not believe the additional allegations involving Merrill Lynch alter the fundamental weaknesses of the plaintiffs' claims. InfoSpace continues to maintain that this lawsuit is without merit and the company will vigorously defend itself in this matter.
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