Infospace, which is currently defending a $100 million suit by EMI for underpaying royalties, has filed suit against the auditors that EMI hired to review its books, alleging that the auditing firm Gelfand Rennert & Feldman prompted EMI’s suit by issuing a report containing “false, malicious and unjustified statements” about Infospace’s activities, reports THREsq. The two parties have gone back on forth with a lawsuit from EMI, then a counter-lawsuit from INSP, and now this.
Infospace also alleges that Gelfand made many of its assumptions on Infospace subsidiary PWS by relying extensively on bad information published by former parent company Vivendi Universal’s SEC reports. The full complaint 20-page PDF is here.
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