Former InfoSpace CEO has to repay $247MM

The former CEO of InfoSpace,Naveen Jain, has been ordered repay $247 million to the company for violating laws on insider trading; Recent stories report that Jain was found guilty of making stock trades between December 1998 and May 1999 while serving as the company’s chief executive. The lawsuit, filed by shareholder Thomas Dreiling, sought $207 million plus interest and restitution to InfoSpace.