In a suit filed yesterday in U.S. District Court, an InfoSpace employee alleges InfoSpace chairman Naveen Jain illegally denied him promised stock options.
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Considering the fact that Sun has a former SEC employee on the audit committee a jury ruled in favor of Kodak in its Java suit against Sun Microsystems.
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According to the suit, filed against both Jain and InfoSpace, Jain used plaintiff John Richards to develop integral aspects of InfoSpace and then failed to keep his promise of lucrative stock options.
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Palm Acquires WeSync; Reports Financials - 12/20/2000 Former Employee Files Suit Against Infospace - 12/19/2000 Greenspan Plays The Grinch - 12/19/2000
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The lawsuit seeks damages as well as enforcement of the agreement to provide Richards the largest number of stock options of any staff, as well as attorneys' fees.
While officials at Infospace had not yet received a copy of the referenced complaint, based upon what was represented in the December 19 press release issued by Richards' law firm, they believe these allegations are totally without merit.
Spy vs.Spy: The Accountable Net Part II::
File Format: PDF/Adobe Acrobat - View as HTMLsearch results from Infospace, from which it earns ad revenues. .. company, filed suit against DirectRevenue charging that DirectRevenue was deleting
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 Palm Acquires WeSync; Reports Financials
 Greenspan Plays The Grinch
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Former Employee Files Suit Against Infospace