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Infospace sues former CEO

Some dirty accusations, both ways

1:25 pm on Mar 12, 2003 (gmt 0)

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Infospace sues former CEO [cbs.marketwatch.com]
Jain went on to say that....that current management had been engaged in inside dealings. Specifically, management was siphoning cash from the company for person gains, while one director passed off information to a partner to use for insider trading...Shares of InfoSpace fell 11 percent to $9.85 in Tuesday trading. The market cap of $307 million is a fraction of the $30 billion or so market valuation it had three years ago this month.

Law suit...insider trading accusations, Enron syndrome.....looks like a great buy for Billy...;)