netLibrary being sued

[Liz Dopp <eadwml@ritvax.isc.rit.edu>]

Venture partner suing NetLibrary
Provider of capital accuses company of inflating sales figures

Boulder-based NetLibrary, a money-losing electronic book distributor hard
hit by the dot-com bust, is being sued by a venture capital partner for
allegedly cooking company books with inflated sales figures.

Parthenon Investors of Boston said it was fooled into investing millions of
dollars into the 3-year-old Internet startup only to find out later that the
company had overstated annual revenues by more than 30 percent.
.................

more of story at:
http://insidedenver.com/drmn/technology/article/0,1299,DRMN_49_876232,00.html