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MySpace Shareholders Score Decisive Victory; Federal Judge Orders Jim Brown V. Brett C. Brewer Class Action Lawsuit Arising from Unfair Sale of MySpace to News Corp to Proceed to Trial.

Publication: Business Wire
Publication Date: 31-JUL-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
LOS ANGELES -- In response to a major ruling benefitting shareholders of public companies who depend on the disclosure of accurate and timely financial information to buy and sell stock, MySpace.com Founder Brad Greenspan released the following statement on behalf of former eUniverse shareholders:

"Shareholders of eUniverse laud the federal judge in Jim Brown v. Brett C. Brewer's decision to order the stockholder class action lawsuit arising from MySpace's unfair sale in September 2005 to News Corp, to proceed to trial."

Details of the decision can be reviewed at: www.NewsCred.com/MySpace-Legal

U.S. District Court Federal Judge George H. King denied Defendant's motion to dismiss the entire complaint that alleges that Plaintiffs, who...

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