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Books Businesses The Almighty Buck The Courts The Internet Idle Investor Sues Company For Lack Of Profit 181

Posted by samzenpus
from the isn't-it-ironic dept.
The board of claims that it is easier for a camel to pass through the eye of a needle, than to make money on the domain name, but an angry shareholder disagrees. From the article: "James Solakian filed the lawsuit in Delaware's Chancery Court against the board of for breaching their duty by refusing to sell the site or run the company in a profitable way. The lawsuit cites a valuation done by a potential purchaser that estimated could be worth more than, which recently sold for more than $100 million."


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Things are not as simple as they seems at first. - Edward Thorp