Moola Addict

I found out that VentureBeat.com wrote an article about Moola yesterday (and Moola Addict was linked in that article, yippppeee!). The article mentions that the “company is a little rocky right now, suffering from a nasty lawsuit between the co-founders”.

Unfortunately, we’ve just learned there’s a nasty law suit going on between Moola’s founders. Founder Jason White is being paid not to come to work, while the lawyers fight it out.

I posted this information on the forum today, but the mods took it down because they did not want it publicized on the forums, so on my blog it goes.

Update: Message from Grant (one of the main admins of the site about this topic “the “lawsuit” has been over for almost a year, it’s actually quite old news — and you can judge for yourself from Moola’s growth what happens in this situation. Even though legal issues are not so unusual (given that every company deals with legal issues all the time), I can understand why people might be curious about the situation last year. So, for anyone who’s curious, after the launch activities, Admin will prepare an update about what happened in 2006…”

via VentureBeat.com