Hopefully this will be the final update on the status of the Pedia lawsuit settlement. As you know a jury returned a 1.4 million dollar verdict in my favor against Eric Park and other defendants.
It was obvious from the beginning that the defendants would not be able to pay the monetary award and the litigation could have dragged on for years attempting to collect. After several months of negotiating we came to terms regarding the assets of Information Superbrand, a California Corporation that is now under suspension by the State of California for nonpayment of income and sales tax.
The details of the settlement are summarized as following.
$35,000 cash ($33,000 has been paid so far which does not cover my legal expenses since February of 2010)
14 Pedia Suffix Trademarks
Over 500 Pedia suffix domain names. A complete list is located here.
To date Eric Park has not paid Mike Osborne any amount of the $18,000 in merchandise sold through the HuskerPedia web site and I do not expect he ever will. I have repaid approximately $7,000 of that debt and will continue to make payments to Mike until it is paid in full.
In order to recover the $18,000 owed to Mike Osborne and the over $400,000 owed to me by Eric Park and the other defendants I plan to either sell, license, or jointly develop these domains. This will be done by individual domains or by complete categories that are listed. I am focusing my efforts by working with contacts in Nebraska including the web platform which is being developed by Made by Market located in Lincoln.
If you have a passion about the subject any of these domains represent and would like to discuss your potential involvement in this project please use the contact form listed on the individual domain.
Our first domain launch will be done in the next few days and will be announced on the HuskerMax front page.
People have asked if I would be transferring HuskerMax back to the HuskerPedia domain. The answer to that question is no. I have received great support before and after the trial verdict from my marketing partner at HuskerMax, NRG Media, and we jointly agreed to stay with the HuskerMax brand.
This has been a very long and drawn out experience for Joe Hudson and myself and we will both always be grateful for the support that we have received from the Husker community and it will never be forgotten.