Monte Cahn Files Multi Million Dollar Suit Against Oversee.net, Lawrence Ng, Jeff Kupietsky.
This 20 PAGE COMPLAINT and multiple Counts could be a game changer!
10 different Claims of Relief!! Including multiple Breaches of contract.
Moniker was sold to Oversee.net for $35 Million in 2007. The damage claimed in the suit is not specific. I would imagine it would total up to somewhere in the $13M-$20M range with possible punitive damages on top of that.
I did not get the release but it seems DNW did. As this is a 'News Story' I will not post my personal opinion of the statement here but I will in a future blog post:
'Predictably, the path Monte Cahn has chosen is needlessly confrontational and provocative. Regrettably, his perceived dispute with Oversee is a result of his own falling short of expectations. This action will do nothing to further his cause and will only result in the needless expense of time and attorneys fees. It is unfortunate that Monte’s actions will impact employees and clients of Moniker, the company he helped found.
Monte’s unfounded claims are well overstated and singularly without merit. We will vigorously defend this action and we look forward to resolving this in court at the earliest possible opportunity.'