May 13, 2005
BusinessWeek on Ravikant v. Tolia
BusinessWeek runs an AP story on the Ravikant v. Tolia lawsuit over the Epinions-DealTime merger. Defendants’ motion to dismiss is scheduled for May 24.
Posted by Eric at May 13, 2005 09:24 AM | Former Employers
I wonder if the same material (projections, etc.) given to the VC people were given to the employees when they were asked to give up their shares? In my opinion, that would be the only fair way to do it.
Posted by: Stephen Larson at May 15, 2005 11:35 AM
This is a little more complicated because some of the VCs were directors in addition to stockholders, so they would get additional information that is typically only available to directors. Note that current employees also can have significantly more information than outside stockholders. Eric.
Posted by: Eric Goldman at May 16, 2005 09:45 AM