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


To: Ron who wrote (28226)3/14/2005 3:08:43 AM
From: sandintoes  Read Replies (1) | Respond to of 28311
 
"I've never heard of a judge doing that," said Steve Berman, a lawyer in the federal lawsuit who has read Armstrong's ruling. "It seems to me a very strange logic. Her role is not to be taking the side of the company."

Armstrong also said she was concerned that if the shareholder lawsuit went forward, InfoSpace might have to admit to financial misdeeds by insiders that could cause the company to report a $1 billion loss, which "would destroy the company."

"She was acting on behalf of the company and not on behalf of the public," said Judith Endejan, an attorney who argued the case for The Seattle Times.


It might ruin a company???? How about all the stockholders who were ruined?