Sex.com Investors Settle Their Differences

Investor in sex.com domain name’s former owner drops objection.

Following a deal was struck to sell Sex.com for $13 million last fall, investor Nuthin’ But Net filed a motion to set aside some of the proceeds since it disputed who ought to get them. Nuthin’ But Net accused investor Mike Mann of “self-dealing”.

I estimate that regarding $2 million of the sale proceeds were set aside.

But following some back-and-forth, it appears that the parties have come to an agreement.

In a stipulation (pdf) dated February 17, Nothin’ But Net

…agreed to withdraw its NBN Objection and informed the Parties that it will not submit further pleadings respecting the claims of the Secured Lenders to default interest, late fees or collection costs, counting attorney’s fees.

That means the money set aside can now be distributed.

So perhaps this is the end of yet another strange chapter in the saga of Sex.com.