Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

Business / Technology


Our network sites seattletimes.com | Advanced

Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times reporter Sharon Chan.

E-mail Sharon| RSS feeds Subscribe | Blog Home| Brier Dudley's Blog

October 10, 2006 10:37 AM

Another class-action suit against Loudeye

Posted by Kim Peterson

Loudeye said today that it is the target of another class-action lawsuit. We reported last week that the company had been sued in federal court for allegedly portraying its business as more healthy than it actually was.

The second lawsuit was filed Friday in King County Superior Court against Loudeye and Nokia, which is buying Loudeye for $60 million in cash. The suit claims that Loudeye and its executives breached their duties, with help from Nokia, in negotiating and entering the buyout deal. The suit is asking that the merger be stopped.

Loudeye said in a regulatory filing today that it will vigorously fight the lawsuit.

Digg Digg | Newsvine Newsvine

Comments
No comments have been posted to this article.

Advertising

Marketplace

Lexus LF-C2 concept looks good in any lightnew
(The Associated Press) Lexus LF-C2 This open-air roadster concept debuted at the ongoing Los Angeles Auto Show and points to Lexus' future design dire...
Post a comment

Advertising

Advertising

Categories
Calendar

May

Sun Mon Tue Wed Thu Fri Sat
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31            
Browse the archives

May 2009

April 2009

March 2009

February 2009

January 2009

December 2008

From the tech blogosphere