Litigation
Oct. 15, 2002
Homestore Faces Class Action Lawsuit Filed by Shareholders
Homestore Inc.'s legal troubles are mounting. Three former Homestore executives have agreed to plead guilty to criminal charges of masterminding a scheme to overstate the Internet broker's advertising revenues by $46 million for 2001. They also will pay $4.6 million to settle civil charges stemming from the same conduct.
Homestore Inc.'s legal troubles are mounting.
Three former Homestore executives have agreed to plead guilty to criminal charges of masterminding a scheme to overstate the Internet broker's advertising revenues by $46 million for 2001. They also will pay $4.6 million to settle civil charges stemming from the same conduct.
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