Homestore Execs Not Out Of The Woods Yet

Law360, New York (July 21, 2006, 12:00 AM EDT) -- A month after a federal jury convicted the founder and former chief executive of Homestore Inc. of masterminding a $67 million accounting fraud, the former owners of a technology company acquired by the online real estate listings firm are seeking to revive civil charges related to the debacle.

The civil proceedings, which were put on hold while the criminal cases against a string of former Homestore executives were still pending, were brought in March 2004 by Michael Myers, Wade Koehmstedt and Daniel Musso, the former principals...
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