17 May '11, 2pm

Sedo.com Sued For $10 Million Dollars Over Failed Women.com Purchase

According to a press release issued today: “DONE Ventures, LLC has added domain name broker, Sedo, LLC, to its lawsuit over the domain names Women.com and Women.net.” Sedo is a business unit of Sedo Holding AG (XETRA: SDO.DE ), headquartered in Cologne, Germany, with US operations based in Cambridge, Massachusetts. (Sedo.com is tracked by our DomainStock Index) The complaint, filed in Federal Court last week, states that Sedo accepted an offer, on behalf of its client, NBC Universal, to sell the domain names Women.com and Women.net for $1,000,000. DONE! filed suit against NBC in June, 2010 for breaching the agreement by refusing to complete the transaction. “Sedo told us we had a deal,” DONE! Ventures CEO Benjamin L. Padnos said. “There’s no confusion around ‘Congratulations, the offer has been accepted’, as they told me on May 24, 2010. “However, NBC Universal’s court fil...

Full article: http://www.thedomains.com/2011/05/17/sedo-com-sued-for-10...

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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...

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domainnamewire.com 17 May '11, 12pm

Domain broker added to suit over failed Women.com transaction. DONE! Ventures has added domain name broker Sedo to its law...

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