From reading that article, it looks like TradeHill claims they are missing about $100k in revenue, and maybe up to $200k. Why are they suing for $2MM? Even treble damages (x3) plus lawyer costs wouldn't add up to 2MM in the most optimistic case. Can anyone explain the discrepancy?
So if I have a $25K/month business and you destroy it, you should only refund for a month (or two) revenue? $2MM seems right for me considering potential future revenue, brand loss, lawsuit time and cost...
This is one of the real mysteries of the article. AFAIK, and anyone in the bitcoin forums knows, and unless something changed in the last 12 hours, the bitcoin.com domain is still owned by Tradehill's CEO who's promising and planning to develop it into a prime piece of real estate. Which betabeat doesn't mention. So the only thing I can take from this is that he traded his equity in the dying company for the domain, and valued the equity at $1M, then wrote it off as a loss for the company and blamed Dwolla for it...? Go figure that one out...
