Dreiling v. Am. Online, Inc., No. 08-35095

In a shareholder derivative action seeking disgorgement of profits from AOL corporation's sale of its InfoSpace stock, summary judgment for defendant-AOL is affirmed where the relationship between defendant and InfoSpace did not create a beneficial stock ownership situation such that defendant was an insider.

Read Dreiling v. Am. Online, Inc., No. 08-35095

Appellate Information

Argued and Submitted May 7, 2009

Filed August 19, 2009

Judges

Opinion by Judge Smith

Counsel

For Appellant:

Richard E. Spoonemore, Sirianni Youtz Meier & Spoonemore, Seattle, WA

For Appellee:

Dane H. Butswinkas, Williams & Connolly LLP, Washington, DC

R. Hackney Wiegmann, Williams & Connolly LLP, Washington, DC