A federal judge has dismissed most of a shareholder derivative complaint against CNET in a decision that, observers say, shows how difficult it may be for plaintiffs to succeed in numerous similar claims related to stock-option backdating.
San Francisco Federal Judge William Alsup found that the plaintiffs, suing on behalf of the company, hadn’t proven CNET’s board of directors were too personally involved in the scandal to deal with the company’s backdating problems on their own.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]