Monster to pay $350k stemming from failed escrow transaction — Judge orders

Final judgment will incur interest until it is paid. 

A King County judge has ordered (pdf) Rob Monster to pay a former Epik client $349,407.61, and the total will incur interest until it is paid.

The order stems from a failed escrow transaction at the domain name registrar that Monster used to run.

In a previous lawsuit, Epik client Matthew Adkisson alleged that he agreed to buy nourish .com in a transaction facilitated by Epik. He paid $327,000 to Epik, covering $300,000 due to the domain seller and a $27,000 commission. The seller failed to deliver the domain, and Adkisson did not get his money back.

Adkisson sued to recover his money ahead of a proposed deal to sell Epik’s assets.

Based on documents Monster filed to oppose an order of default in King County, Adkisson was paid $427,000 from the proceeds of Epik’s sale. His settlement also included a promissory note from Monster to pay $100,000 within one year.

Last year, Adkisson filed in King County to collect the $100,000, which he stated had not been paid. As part of his deal with Monster, the amount would shoot up if it wasn’t paid on time, so the number became $310,000.

Now, the judge has tacked on interest and attorney’s fees, bringing the total to $349,407.61.

The judgment is against Monster and his wife’s assets.

Adkisson isn’t the only person trying to collect money from Monster over actions he took as CEO of Epik.