MySpace Shareholders Score Decisive Victory

 In Golden Age

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
Jul 31, 2008 2:05 PM CDT

LOS ANGELES– (BUSINESS WIRE) — 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, 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.”

Judge King’s 10 page decision can be reviewed at:

Full Text of Press Release Here:

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