In 2000, when the dot-com bubble burst, one of the highest-flying Internet companies to crash was Stamford, Conn.-based Priceline.com, known for bargain airline, hotel and car rental rates, and its zany celebrity pitchman William Shatner.

The resulting stock-drop class action, the company announced in a filing with the U.S. Securities and Exchange Commission two weeks ago, has settled for $80 million after six years of litigation before U.S. District Court Judge Alfred V. Covello.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

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]