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Keyword: thomasdreiling
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Indian CEO fined $250 million by US federal court
In the largest award of its kind in the US, ousted InfoSpace chief Naveen Jain has been ordered to pay $247 million to the company that he founded as penalty for violating laws against "short swing trading". The order by a federal judge is a body blow for a man who took his Seattle-based Internet company to great heights in a space of four years before it crashed like most of its peers during the dotcom bust. The company board fired Jain last December. But Jain, who went ahead and founded Intelius after the ouster, is not giving up just...
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