United States Ninth Circuit

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.

Appellate Information

• Argued 05/07/2009
• Decided 08/19/2009
• Published 08/19/2009

Judges

• N.R. SMITH, Circuit Judge:, Before:  KIM McLANE WARDLAW, RICHARD A. PAEZ and N. RANDY SMITH, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• Richard E. Spoonemore & Stephen J. Sirianni, Seattle, WA, and David M. Simmonds, Redmond, WA, for the plaintiff-appellant.


• For Appellees:
  
• Dane H. Butswinkas, R. Hackney Wiegmann, Marcie R. Ziegler, Amanda M. McDonald and Kannon K. Shanmugam, Washington, DC, and Michael D. Hunsinger, Seattle, WA, for the defendant-appellee.