A recent complaint filed by the ousted founder of Intermix Media Inc. alleges that Rupert Murdoch’s News Corp., which bought the Internet operation last September for $580 million, got itself a deal too good to be legal.
Intermix founder Brad Greenspan — forced from the company in 2003 after confrontations with venture capital investor VantagePoint Venture Partners — revisits the same ground covered by a spate of class actions against Intermix after it accepted News Corp.’s takeover terms last July. Only this time Greenspan plays up Intermix’s practice of reporting past and projected financials on a consolidated basis.
