In a shareholder derivative action seeking disgorgement of profits from AOL corporation’s sale of its InfoSpace stock, summary judgment for defendant-AOL is affirmed where the relationship between defendant and InfoSpace did not create a beneficial stock ownership situation such that defendant was an insider.
Read Dreiling v. Am. Online, Inc., No. 08-35095
Appellate Information
Argued and Submitted May 7, 2009
Filed August 19, 2009
Judges
Opinion by Judge Smith
Counsel
For Appellant:
Richard E. Spoonemore, Sirianni Youtz Meier & Spoonemore, Seattle, WA
For Appellee:
Dane H. Butswinkas, Williams & Connolly LLP, Washington, DC
R. Hackney Wiegmann, Williams & Connolly LLP, Washington, DC
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