CNET Networks Inc. Case 08/07/2008

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Company Name(s): 
CNET Networks
Case Name: 
CNET Networks Inc. Case 08/07/2008
Case Status: 
Lawsuit Filed
Case Status: 
Judgment Issued
Case Status: 
Case Dismissed
Affected Securities
NASDAQ: CNET
Lawsuit Overview
Type of Lawsuit: 
Stockholder Derivative Action
Summary: 

On Thursday, August 7th, 2008, California Judge William Alsup of the U.S. District Court for the Northern District of California has signed an order dismissing the consolidated derivative class action against CNET Networks Inc. over alleged options backdating. Judge William Alsup found that the plaintiffs in the case repeatedly failed to adequately allege demand futility.