In December 2008, the firm, together with Keller Rohrback LLP, filed a $50 million-plus shareholder derivative action against certain executive officers and directors of Bellevue-based InfoSpace, Inc. for avoidance of grossly excessive payments made to those officers and directors under the 2007 “Special Dividend Compensation Program.”  In sum, the lawsuit alleges that certain board members and executives breached their fiduciary duties and duties of loyalty by putting their own financial interests (in the form of substantial cash payments to themselves) ahead of those of the company and its shareholders. 

Please click here to review a copy of the Complaint.

For more information, or if you believe that you are an affected shareholder, please call our offices at (206) 467-6477.