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AOL Cofounder Steve Case Faces Trial Over Hawaii Land Buy

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By Bob Van Voris and Ron Staton

April 30, 2008 at 12:22 AM UTC

This article is for subscribers only.

Steve Case, the cofounder and former chief executive officer of America Online Inc., today began defending against claims he used insider information to buy a Hawaii-based land company in 2000.

A group of former shareholders claims in a federal civil suit that Case and a company he controlled improperly used information from Kauai-based Grove Farm Co.'s former chief executive officer and from Case's father, a Honolulu lawyer who had represented Grove Farm, to purchase it for $26 million.