Former owner files breach of contract claim.
[Update: I now have a copy of the complaint (pdf). It focuses on mostly alleged verbal contracts between Burgess and DeuPree for total damages of $185,00. It also alleges that when DeuPree negotiated to buy the site that he “and unknown collaborators planned for force Burgess from sandiego.com, the business Burgess founded, and refuse to honor agreements between Burgess and SanDiego.com.]
Last year the original owner of SanDiego.com lost his domain and web assets to foreclosure.
SignonSanDiego.com reports today that former owner Mark Burgess has filed a breach of contract lawsuit against Robert DeuPree, who bought the site from him two years ago. The report says that Burgess sold DeuPree the site in return for equity and debt. According to Burgess, DeuPree still owes him six figures for the business and a five figure severance.
I’m a little bit confused as an earlier report from DNJournal said that DeuPree owned the notes that were used to foreclose on the domain name.
I’m trying to get a copy of the dispute and will update if I get more details.
David J Castello says
Mark is a good man. I wish him the best.
Dan says
Hi,
Was not this one of the first big domains that was ever bought with the use of one of the first domain name financing companies?
Thanks,
Dan
Andrew Allemann says
@ Dan – the domain wasn’t originally bought with financing. A few years ago it was briefly recapitalized by Domain Capital, but that deal was concluded prior to the relationship with the new parties in this dispute.
Dan says
Thanks Andrew,
For the clarification…
Best,
Dan
steve says
That is why you don’t partner.