29 Nov '11, 6pm

says Moniker projections ?horribly wrong?

Moniker acquisition fell short of expectations. Yesterday Oversee.net filed a heavily redacted document in support of its motion for summary judgment in its lawsuit with former employee Monte Cahn. The motion is to dismiss a claim that Oversee.net owes Cahn money as part of a $13 million Management Incentive Plan (MIP). Oversee.net makes a couple claims (pdf ) about the plan in its latest filing. First, it says that Cahn was supposed to identify the plan’s participants each year (presumably other than just himself): Undoubtedly, Cahn will now argue that, because the designation of participants was in his discretion, he could and would have designated himself as sole participant. That is not how an incentive plan works. As noted above, the MIP participants were to be identified at the beginning of the year. Cahn cannot now avoid the mutiny that would have ensued if he had d...

Full article: http://domainnamewire.com/2011/11/29/oversee-net-says-mon...

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