A California state court ruled on Thursday that an investor lawsuit against Internet incubator Idealab can go forward. The ruling gave disgruntled Series D investors the green light to further review Idealab's books and potentially oust the Pasadena-based company's directors, including chairman and founder Bill Gross. The plaintiffs are seeking $725 million and expect to go to trial sometime next year.
December 30, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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