October 23, 2004 |
The Securities and Exchange Commission said it should be easier for private citizens to sue accountants, lawyers, vendors and others for securities fraud. In a legal brief supporting a fraud claim against Homestore.com Inc., SEC lawyers argued that the legal threshold for deciding whom can be sued in such cases was too high. Plaintiffs should be allowed to sue those indirectly involved in a fraud as well as those directly responsible, the brief said. The 9th U.S.
June 13, 2000 |
Homestore.com Inc., which lists homes for sale on the Internet, has agreed to buy closely held Top Producer Systems Inc. for $24.2 million in stock and cash. Top Producer, founded in 1982, gives Thousand Oaks-based Homestore.com content management software that helps more than 100,000 real estate agents manage leads, contacts and referrals, match buyers and sellers and track listings. Century 21, Coldwell Banker, General Motors Acceptance Corp.
May 2, 2000 |
Homestore.com Inc. said it reached a five-year expanded agreement valued at more than $200 million with America Online Inc. to be the exclusive provider of real estate listings and home services on the world's largest online service. Thousand Oaks-based Homestore.com controls more than 90% of homes listed for sale on the Internet, which has prompted an investigation by the Justice Department. AOL will receive shares amounting to a 5.6% stake in Homestore.com. Homestore.com's shares rose $4.
September 16, 1999 |
Thousand Oaks-based Homestore.com Inc. on Wednesday launched a Web site dedicated to remodeling and home improvement in conjunction with the industry's two main trade associations. The company hopes its Remodel.com will build on traffic from the firm's other sites, which include Realtor.com, the leading real estate Web site, and sites focused on apartments and home building. Remodel.com is sponsored by the National Assn. of Home Builders, which holds a minority stake in Homestore.
December 28, 2001 |
Lawyers representing shareholders of Homestore.com Inc. on Thursday said they had filed a class-action lawsuit claiming that the Internet's largest residential real estate site and its top executives violated federal securities laws by misrepresenting financial data and concealing "improper acts." The suit, filed in U.S. District Court in Central California, charged the Westlake, Calif.-based Homestore.
December 22, 2001 |
Homestore.com Inc., two weeks after its chief financial officer resigned, said Friday that its board is conducting an inquiry into accounting practices. Homestore.com, the biggest online home-listing company, also said it will restate certain financial statements. The board's audit committee notified the Securities and Exchange Commission of the inquiry and has hired an independent counsel and accountants to assist it, the company said.