Via email from David J. Fish:
Vulcan Golf, LLC filed a putative class action lawsuit against Google, Inc. and other defendants, including Oversee.net, Sedo LLC, Dotster, Inc. a/k/a revenuedirect.com. The Defendants sought to have the case thrown out on a motion to dismiss. Instead, the Court allowed much of the case to proceed and ordered the parties to brief whether the case should proceed as a class action lawsuit. Vulcan Golf, LLC v. Google Inc., 2008 WL 818346 (N. D. ILL., March 20, 2008) A copy of the judge’s ruling is available here.
If the case is certified as a class action, the defendant’s potential exposure in this case could be very substantial. The plaintiffs are represented by a number of law firms, including well-respected Chicago attorney Bill Harte. (Harte is a well-known Chicago lawyer who has represented clients such as Muhammad Ali, top nationwide law firms such as Winston & Strawn, and has been involved in many high-profile cases).
Continue reading here.
Microsoft has sent an open letter with a written ultimatum to Yahoo’s Board of Directors. In the letter Steve Ballmer, CEO of Microsoft, says Yahoo should either conclude an agreement to be acquired by Microsoft within the next three weeks or they will take their case directly to Yahoo’s shareholders and initiate a proxy fight.
Although Ballmer clearly states that Microsoft doesn’t want to raise its bid for the search company, I can’t believe that they would just walk away from Yahoo. Continue reading ‘Microsoft sets ultimatum’
Today Sedo successfully brokered the sale of Pizza.com for $2.6 million. I do not yet know who the buyer is, but I hope that it is an end user, because that is what our industry needs most: more corporate buyers.
Pizza.com has great value for big companies such as Pizza Hut: It is a generic domain with inarguably lots of type-in traffic and branding and marketing potential (it would make a great URL in TV ads).
By the way, inspired by this domain’s sale price Pizza.info has now been put up for sale at Sedo as well. Bidding is currently at $1,050.
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