BLAMING: Univ of California and Amalgamated Bank Investment Fund Sue AOLTW
Did Steve Case and other AOL execs use “tricks, contrivances and bogus transactions” to inflate the company’s share price–and was it insider trading? Officials at The University of California and the Amalgamated Bank’s Longview Collective Investment fund filed a suit to that effect in Los Angeles.
In addition to Case, Vice Chairman Ted Turner, Chief Executive Officer Richard Parsons, former CEO Gerald Levin, and former Chief Operating Officer Bob Pittman were named.
Reuter’s story here.