Manhattan Beach, CA (PRWEB) June 7, 2010
Internet marketer and publisher DONE! Ventures, LLC has filed a lawsuit against NBC Universal, Inc. The complaint (Case No. BC439011; Judge Susan Bryan Deason), filed in Los Angeles Superior Court on Thursday, June 3, states that NBC Universal accepted an offer to sell the domain names Women.com and Women.net for $1,000,000, and is breaching the agreement by refusing to complete the transaction.
According to the complaint, NBC Universal signed an exclusive agreement with domain brokerage firm Sedo.com, LLC, of Cambridge, MA. DONE!’s offer from May 21 was accepted by NBC on May 24. Three days after the agreement was reached, Sedo informed DONE! that NBC Universal President & CEO Jeff Zucker overruled the transaction and the domains were no longer for sale.
In the complaint, DONE! asks the Court to enforce “specific performance” in the million-dollar transaction, requiring NBC Universal to transfer ownership of the domains.
DONE! Ventures CEO Benjamin L. Padnos said, “Women.com is irreplaceable to us. We are building a powerful content network and the Women.com domain is critical to our strategy. Our audience and the community we are building consists of modern, powerful, intelligent women. The name Women.com will resonate within this target market unlike any other name.”
Stephen Svajian, who, along with Patricio Barrera, is representing DONE! said, “The facts in this case are very clear. DONE! made an offer and NBC Universal accepted. My client is ready, willing, and able to complete the transaction, and simply wants NBC to hold up its end of the bargain. They have a deal.”
“All I want is for NBC Universal to do what is right,” Padnos added.
Founded in 2001 by Internet entrepreneur Benjamin Padnos, DONE! Ventures, LLC is an Internet marketing and publishing firm based in Manhattan Beach, CA.
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