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Article: Settlement Proceeds Received under Settlement Agreement in InfoSpace Derivative Case, Section 16b Case, and Certain Related Cases Brought by the Jains.
- Article from:
- Business Wire
- Article date:
- March 28, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BELLEVUE, Wash. -- InfoSpace, Inc. (Nasdaq:INSP) today announced that final settlement has been obtained and settlement proceeds of approximately $83 million plus accrued interest have been received by the company pursuant to the combined Settlement Agreement described in its release dated December 23, 2004, and reprinted below. The combined Settlement Agreement had previously been granted approval by the King County Superior Court (Washington) and the United States District Court for the Western District of Washington.
About InfoSpace, Inc.
InfoSpace, Inc. (Nasdaq:INSP) is a diversified technology and services company that develops Internet and wireless ...