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Bible.com Investor Sues Company For Lack Of Profit

October 22nd, 2010 10:47 admin Leave a comment Go to comments

The board of Bible.com 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 Bible.com 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 bible.com could be worth more than dictionary.com, which recently sold for more than $100 million.”

Source: Bible.com Investor Sues Company For Lack Of Profit

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