Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2003
Short-swing insider-trading shareholder case
A federal judge ruled that former chief executive Naveen Jain had purchased InfoSpace shares in violation of six-month short-swing insider-trading rules and entered a $247 million judgment. Jain later settled the matter for $105 million while denying liability.
2003
Non-compete litigation involving Naveen Jain
InfoSpace sued Jain over alleged violations of non-compete agreements related to his role at Intelius. Jain resigned from the InfoSpace board in April 2003.
2000
Accounting and executive stock-sale controversy
InfoSpace used an accounting method that produced reported profits of $46 million despite a later reported loss of $282 million. Executives were also accused of evading SEC trading restrictions while selling large blocks of personal stock.