Thursday, February 3, 2011

Expedia faces $184M judgment in lawsuit - Orlando Business Journal:

http://makeup-fx.com/about.html
The suit in King County Superior Court was related to a breacyh ofcontract claim. The courft granted the plaintiff's motion for summarh judgment on Friday, and said damages for the allegexd breachare $184.47 million, Expediwa said in a regulatory filing. Expedia Inc. (NASDAQ: said the judgment is not finalo and that itwould appeal. However, it notef that it would need to post a bond or possibly for the full in order to appeal afinal judgment. "Wde believe that the court’s decision is wronh on the law and wrong on the thecompany said. "Expedia.
com chargef its customers a service fee for certain transactions durinvg the perioddescribed above, which was fully disclosed to each customer before a bookingb was completed, and we are confident that we have fulfillede all applicable obligations to our customers. Becausw we believe that the court’s decision is inconsistent with both the factsx andthe law, we will vigorously pursue our rights on Separately, the company said it had signed new employmenyt agreements with CEO Dara Khosrowshahi and general counse l Burke Norton. Under the three-year agreements, Khosrowshahii will receive hiscurrent $1 million annual base Norton's base salary will increase to $425,000 from $375,000.

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