Penthouse Must Return Control Of Websites To FriendFinder
Law360, Wilmington (May 26, 2017, 4:40 PM EDT) -- A group of adult websites must be returned to FriendFinder Networks Inc. after a Delaware Chancery Court judge determined Friday they shouldn’t have been included in a sale of its Penthouse business unit in 2016.
In a memorandum opinion, Vice Chancellor Tamika Montgomery-Reeves found that a stock purchase agreement entered into by FriendFinder and Penthouse Global Media Inc. governs the transfer of assets and includes Website domains that were linked to the Penthouse business. The transfer included more than 1,000 sites, but a handful were mistakenly given to Penthouse.
“Because FriendFinder is the rightful owner of the disputed domains under the...
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