17 May '11, 12pm

Sedo Sued for $10 Million for Failing to Enforce Women.com Transaction with NBC Universal

Domain broker added to suit over failed Women.com transaction. DONE! Ventures has added domain name broker Sedo to its lawsuit over a failed transaction for Women.com. DONE! sued NBC Universal last year after it alleged the media giant failed to follow through with a transaction to sell Women.com and Women.net for $1 million. According to the suit, NBC Universal’s CEO at the time Jeff Zucker vetoed the deal after it had been agreed to. Sedo broker Jeff Gabriel managed the deal. Now, apparently frustrated at lack of support from Sedo to enforce the deal, DONE! founder Ben Padnos has added Sedo to the suit (pdf ). “Sedo told us we had a deal,” Padnos said. “There’s no confusion around ‘Congratulations, the offer has been accepted’, as they told me on May 24, 2010.” However, NBC has argued in court that they never authorized Sedo to bind the transaction. While that may be deb...

Full article: http://domainnamewire.com/2011/05/17/sedo-sued-for-10-mil...

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Sedo.com Sued For $10 Million Dollars Over Fail...

thedomains.com 17 May '11, 2pm

According to a press release issued today: “DONE Ventures, LLC has added domain name broker, Sedo, LLC, to its lawsuit ove...

Sedo.com Sued For $10 Million Dollars Over Fail...

thedomains.com 17 May '11, 3pm

According to a press release issued today: “DONE Ventures, LLC has added domain name broker, Sedo, LLC, to its lawsuit ove...