Ruling Puts Suit Against CNET On The Ropes

Law360, New York (April 13, 2007, 12:00 AM EDT) -- A federal judge in California has handed down a ruling that could be the death knell for a derivative shareholder suit against CNET Networks Inc. over options backdating, granting CNET’s motion to dismiss but asking the parties for a supplemental briefing and leaving open the possibility of an amended complaint.

The ruling, handed down Wednesday by U.S. District Judge William Alsup of the Northern District of California, requests that the parties address the issues of whether or not the plaintiffs will be permitted to take depositions...
To view the full article, register now.