* * * * *

                             Of limited interest

> John Molino and Patricia Warren formed an Arizona internet company, the
> Free Yellow Pages Corporation, in 1997. Relations soured between them.
> Molino negotiated to buy out Warren's interest. Without reaching a final
> agreement with Warren, Molino moved the assets of the company to Florida.
> There, he incorporated a similar company, FreeYellow.com, Inc. He
> transferred the assets of the Free Yellow Pages Corporation to
> FreeYellow.com, without paying any compensation to Warren or the original
> company. Warren had a strong claim to a 50 percent beneficial ownership
> interest in FreeYellow.com and its assets because it was essentially the
> same business as the Free Yellow Pages Corporation. Nevertheless, when
> Go2Net sought to acquire FreeYellow.com in 1999, Molino represented that he
> was the sole owner. …
>
> Go2Net and Molino finalized the merger agreement near the end of October
> 1999. About two months later, Warren contacted Go2Net and informed them
> that she was a 50 percent shareholder of FreeYellow.com's predecessor
> corporation. She demanded that Go2Net cease using FreeYellow.com's property
> until resolution of the matter. It is unclear whether, and how, Warren's
> demands against Molino and Go2Net were ultimately resolved. Go2Net's
> immediate reaction to Warren's claim was to negotiate with Molino over the
> course of nine months for the protection of a larger escrow account, while
> at the same time advising Molino that Go2Net was 'prepared to pursue all
> rights and remedies available to it.' The negotiations seemed promising at
> first but ultimately failed in September 2000, when Molino informed Go2Net
> that he did not intend to enter into an escrow agreement. Molino demanded
> $16 million from Go2Net. Go2Net did not complete the registration of
> Molino's Go2Net stock, and Molino was not able to sell it.
>

“Go2net, Inc., Res./Cross-App. v. Freeyellow.com, Inc., App/Cross-Res. [1]”

Unless the name “John Molino” means anything to you, don't bother reading
this. On the other hand, if it does (and I know a few of my readers will be
interested in this), then this will make for some facinating reading.

[1] http://www.fraudlaw.org.bcentralhost.com/Definitions%20and%20concepts/L

Email author at [email protected]

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