Legal Opinion
Dreiling v. America Online Inc.
Court of Appeals for the Ninth Circuit
Decided August 19, 2009No. 08-35095PublishedCited by 10 opinions
1Opinion of the Court
N.R. SMITH, Circuit Judge:
Thomas R. Dreiling, a former InfoSpace, Inc. (“InfoSpace”) shareholder, filed a derivative shareholder action against America Online, Inc. (“AOL”), seeking disgorgement of AOL’s profits derived from the sale of its InfoSpace stock. Dreiling based his theory of liability on allegations that Naveen Jain, InfoSpace’s CEO, formed a beneficial stock ownership group (in his personal capacity) with AOL, through two AOL executives (in their official capacities). Dreiling argues that AOL and Jain operated collectively to acquire, hold, and sell InfoSpace securities, making…
2Cases cited14 opinions
- Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994
- Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc.Supreme Court of the United States · 2008
- Richard Morales v. Quintel Entertainment, Inc. And Peter StolzCourt of Appeals for the Second Circuit · 2001
- Securities and Exchange Commission v. Savoy Industries, Inc. Appeal of S. Mort ZimmermanCourt of Appeals for the D.C. Circuit · 1978
- Kern County Land Co. v. Occidental Petroleum Corp.Supreme Court of the United States · 1973
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3Cited by10 opinions
- Simmonds v. Credit Suisse Securities LLCCourt of Appeals for the Ninth Circuit · 2010
- Strom v. United StatesCourt of Appeals for the Ninth Circuit · 2011
- Rubenstein v. Int'l Value Advisers, LLCDistrict Court, S.D. Illinois · 2019
- Andrew Roth v. Foris Ventures, LLCCourt of Appeals for the Ninth Circuit · 2023
- Diana Heilman v. Michael MemeoCourt of Appeals for the Ninth Circuit · 2009
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