Judgment is for $1.37 million and 5.19 bitcoin.
A U.S. Federal District Court in Western Washington has ordered (pdf) former Epik CEO Rob Monster to pay $1.37 million and return 5.19 bitcoin to a domain investor.
Luigi Marruso sued Monster, Epik, and Masterbucks in September last year. He claimed that the company held proceeds from his domain sales and refused to disburse the money to him upon his request.
Last week, the court entered a judgment in Marruso’s favor for claims of fraudulent misrepresentation, unjust enrichment, conversion, violation of the Washington Consumer Protection Act, and replevin (related to the bitcoin property).
The court dismissed claims for breach of contract, breach of fiduciary duty, and RICO claims.
Marruso has only asked for his money back, and the court issued a judgment in that amount. At today’s bitcoin price, Marruso is owed $1.94 million in total.
The Epik entity and Masterbucks company that Marruso sued are not currently active, meaning the judgment will likely fall on Monster. Collecting will likely be a challenge.
Source: https://domainnamewire.com/
