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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (26107)	6/20/2001 1:55:04 PM
From: Roger Sherman	Read Replies (2) \| Respond to of 28311

Apparently it's a "jointly filed" lawsuit. According to a little blurb in the "Business Briefs" section of this morning's Seattle Times. I don't understand why the two law firms issued separate Press Releases. Perhaps they get paid more for each one they file. <g> Sy may very well be right that this all might turn out to be much ado about nothing, and just end up making the stock's price suffer even more...and a few lawyers even richer. On the other hand, someone sure brought in "the big guns" with Steve Berman. He may not win all his cases, but he's sure won more than his share of some monster settlements...much bigger than this one, that's for sure. And I do like the last line of the brief article below. Seattle Times Article Today: (lawsuit mentioned half way down the page) seattletimes.nwsource.com Wednesday, June 20, 2001 - 12:00 a.m. Pacific Business Digest Shareholder lawsuit filed against InfoSpace's Jain SEATTLE --Law firms Milberg Weiss and Hagens Berman jointly filed a class-action shareholder lawsuit against InfoSpace and its Chief Executive Naveen Jain. The complaint charges that the company and Jain violated the Securities Exchange Act of 1934 by disseminating false and misleading information about the company's financial performance. The suit, filed by John Horton, seeks to recover damages on behalf of all InfoSpace shareholders.