Court Schedules Final Hearing to Consider Settlement in InfoSpace Stockholder Derivative Action.
Business Wire › October 12, 2010
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Court Schedules Final Hearing to Consider Settlement in InfoSpace Stockholder Derivative Action.
BELLEVUE, Wash. -- InfoSpace, Inc. (Nasdaq:INSP) today provided public notice that the King County (Washington) Superior Court has given preliminary approval of, and has scheduled a hearing to consider final approval of, a settlement of the stockholder derivative action brought by Anne D. Manos and James N. Mercer against certain former officers and current and former directors of InfoSpace. The final fairness hearing will be held on November 23, 2010 at 9:00 a.m. in the Maleng Regional Justice Center in Kent, Washington. This hearing will be held for the purpose of considering (1) whether the proposed settlement is fair, reasonable, and adequate, (2) whether to enter a judgment giving final approval to the settlement, and (3) whether to approve the agreed-upon attorneys' fees and expenses for plaintiffs' counsel.
The notice, printed below and attached in full to a Current Report on Form 8-K filed with the SEC today, contains a description of the derivative action, the terms of the settlement, a description of th...See the full content of this document
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