Bible.com Is Being Sued, For Lack of Profit…

A shareholder of Bible.com Inc sued the company’s board members, accusing the ordained ministers of failing to profit from the “goldmine” potential of the namesake Internet property, according to a lawsuit. 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.

Absurd. But transparently expected, given the litigious nature of American culture and the belief that income can be gained by anything other than hard work. People expect, nowadays, something for nothing.

One thought on “Bible.com Is Being Sued, For Lack of Profit…

  1. […] Jim West brings us the story of Bible.com Inc being sued by a major shareholder….. ……accusing the ordained ministers of failing to profit from the “goldmine” potential of the namesake Internet property, according to a lawsuit. 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. […]

    Like

Comments are closed.