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Zer01 Loses $43 Million Lawsuit to Global Verge

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May 26, 2010, 7:49 AM   by Eric M. Zeman

A judge in the District Court in Clark County, Nevada, recently awarded marketing firm Global Verge a $43 million judgement in its lawsuit against failed MVNO Zer01. The judgement says that Zer01 breached its contracts with Global Verge, and also cited tortious interference and resulting long-term profit losses for Global Verge. The judge ordered Zer01 and CEO Ben Piilani to pay Global Verge $43 million, though Zer01's solvency is at question, and Global Verge doesn't believe it will be able to collect on the judgement. Zer01's Piilani has stopped responding to court orders and requests, but he has 20 days to file an appeal. If Piilani doesn't appeal, Global Verge will do what it can to gain control of whatever assets remain at Zer01. Global Verge itself is the subject of complaints from former employees who were never paid, and appears to have been constructed as a pyramid scheme. Zer01 claimed it would offer unlimited calling and data services for $70 per month using its partners' data networks. Those services never materialized.

more info at Computer World / IDG News Service »

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"whatever assets remain at Zer01"? bones boy May 26, 2010, 12:34 PM
 
 
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