Suit Filed on Behalf of Former myspace.com Shareholders
- Kreindler & Kreindler filed suit on behalf of the former shareholders of Intermix Media, which created and owned myspace.com.
- Kreindler partners Marc Moller, Brian Alexander, and Gretchen Nelson handled the mass tort lawsuit.
Kreindler & Kreindler filed suit on behalf of the former shareholders of Intermix Media which created and owned the world’s most popular website, myspace.com.
The class action lawsuit alleges that News Corporation, the media giant controlled by Rupert Murdoch, purchased Intermix for the grossly inadequate price of $580 million, and that Intermix’s former directors and officers breached their fiduciary duties by not seeking to secure a better purchase price for Intermix and its “crown jewel” website.
The case is being handled by partners Marc Moller and Brian Alexander and associate Brendan Maher from our New York office, along with partner Gretchen Nelson from our Los Angeles office.