avn sued by babenet

babenet? I havent heard that name in years

That design is so terrible I can't even force myself to get past the headline.

here ya go grandpa-

"The allegation I particularly like is the one where Babenet says that while other companies were being given free exhibitor space they, in essence a partner, were being zapped 25 G's per Internext Show.

The other irony of this story is that AVN's Darren Roberts, a former employee of Gallagher's, is the one instrumental for bringing this deal to the table in the first place.

Porn Valley- In a story that has its roots going back to 1999, AVN and Paul Fishbein are being sued by Babenet?s Jack Gallagher. Gallagher filed the suit on October 19th in the Superior Court of the State of California alleging fraud and breach of contract among other issues.

The lawsuit stems over a $300,000, five-year loan Gallagher made to Fishbein which would allow Fishbein?s Teddy Communications Inc. [TCI] to acquire the Internext Trade Show. TCI, a Pennsylvania corporation, is also named in the suit.

According to the allegations, Babenet and TCI had a written agreement by which in exchange for the loan, Babenet, an Internet company, was to be paid 8% of the gross revenues, i.e., all receipts derived by TCI, collected from the operation of Internext then known as IA 2000.

Also, according to the written agreement, Babenet was to receive no less than the ?favored nations pricing? for exhibitor space at the show.
The suit goes on to say that after execution of the agreement, AVN periodically made payments to Babenet.

The payments were in the form of checks indicating the date of the show to which they were related and were accompanied by back up reports.

According to Gallagher, between the execution of the agreement and early 2008, Fishbein told Babenet reps- Gallagher, Rob Gould and Andy Garroni - that the back up reports accurately reflected the gross receipts as did the checks which reflected 8% of the gross receipts.

During that same period, Fishbein, according to Gallagher, also stated on multiple occasions that Babenet was paying as low a price for booths at the show as any other exhibitor.

Babenet, however, soon had reasons to believe differently according to the suit.

?The back up reports did not accurately reflect AVN?s gross receipts derived in operating the shows. To the contrary, actual receipts were greater.?

The suit also alleges that the checks Babenet got from AVN were substantially less than 8% of the gross receipts and that AVN ?secretly? provided free exhibition space to other companies at the same time it was charging Babenet up to $25,000 per Show for space.

The suit, thus, alleges fraudulent concealment on Fishbein?s part, claiming that AVN had earned more gross revenue than it was accounting for; and that AVN and Fisbein had ?induced? exhibitors and attendees of the Shows to migrate to other adult trade shows wholly owned by AVN in order to avoid paying Babet its 8%.

Babenet and Gallagher say that it subsequently had reason to believe the representations were false and that there was an attempt at concealment on Fishbein and AVN?s part.

According to the suit in April, 2008, Babenet got its first glimmer of what may have been allegedly going on. At a lunch attended by Gallagher, Gould and Garroni, Fishbein was supposed to have admitted that AVN was affording free exhibitor space to other companies while charging Babenet.

Fishbein was also supposed to have admitted that the gross receipts never reflected hotel room commissions, affiliated marketing, trade or barter and revenues from a spin-off show.

The suit is claiming that prior to the luncheon, Babenet, Gallagher and his associates had no idea this was happening.

Among its causes of action, Babenet is citing fraudulent misrepresentation and concealment, claiming that AVN and Fishbein?s conduct was ?despicable, fraudulent and done in conspicuous disregard of Babenet?s rights.? To that end, Babenet is asking $1 M in the amount of damages.

Babenet is also asking $1M for breach of contract as well as $1M for breach of the implied Covenant of Good Faith and Fair Dealing. In the ?Accounting? cause of action, Babenet is also petitioning the court to order a constructive trust on all funds held by Fishbein, AVN and TCI and is requiring them to return any amounts wrongfully required from Babenet."

so where do i apply for a free booth?

That's what I was gonna ask...

ADG

AVN didn't have a great year... or so it seems.

******** is such a horrid banner farm

am i a favored nation? I AM canadian!!!! does that count?

AVN sucks.. Period... Although I do like Paul. He gave me a huge box of porn one time back in 90 or 91 i think..

and by big box, i am talking about a BIG box.... like what you would put a refrigerator in..

yes, canada is america's hat.

more like america's balls... sure they are great when busting a nut, but other than that they are just a useless appendage that does nothing but get in the way of serious business..

Best response ever!

nah, mexico is the balls.. they actually help out america by supplying cheap labor. canada makes good beer and good food to eat when you are hammered, more like a friend you wanna party with rather than have to work with.

why am I here again?

bush liked a sombrero

This isn't where you parked your car........

because you heard someone mention Mexico and you thought it might be Border patrol..

don't worry mi amigo.. I wont Amazing Racist your ass...

http://www.ebaumsworld.com/video/watch/80742755/

when sales are slow lawsuits are I guess a good way to make some extra $$$...

I know, there isn't any lawn here to mow!

from what i read they are asking for 3million dollars over an original 300K loan.

Seems alot of that is going around lately too....

whats happening on them grrrrr!!!!

innovative business model. adapt or dir.

Isn't that the same creative financing that caused the mortgage crisis? :P

I havent seen a single positive word about AVN for well over 6-8 months.
Honestly if they continue this they will be selling out mid 2010 if not sooner.

nothing to do with the 300k, the 300k was to ensure 8% of the revenue....its called an investment

AVN havent been paying it seems, but im sure they will now.
And no its not unfair to demand huge amounts to keep people in check so that they dont do it again.

Babenet? I remember being ripped off by that company. Are they still alive?

right here, please !! Send me a 5K non refundable deposit and you will get a FREE Booth

I kind of hope babenet wins. They fucked me for some money and now I will need to find out if I can still file a lawsuit since they are apparently still alive and kicking with enough funds to get a lawyer.

Those fuckers at AVN, I just knew it that they were getting kickbacks on the room. I asked several times and never could get a straight answer. Instead they just would talk about the seminar and badge values. When you look closer at it, they were just milking us like fresh goats. They gave back next to nothing. The badge at best was just a really expensive trinket for memory sake, and well it would at times allow you into certain areas that you could care less about as they stripped away any value. No wonder more and more people stopped buying the badges and just hung out at the bar. The show floor was useless and you still could get into the suit parties with or without a badge by knowing who was paying the bill.

Fuck them!
If shows do not give back like both forums, Costa Rica, and well perhaps a few small shows - they can choke on a cock. No more wasting money and getting nickel and dime to death by the promoters who return nothing to the attendees. I honestly would rather see more forum or previous Costa Rica (cancelled ) shows over Vegas and Miami and I like those locations which is to bad.

That could really hurt.

Just came across this thread. Classic. My old program Piecash was one of the programs they (Babenet) jacked for a HUGE amount of money. Now they have a new company BIGCLICKS.

It takes a lot of balls to sue anyone... when they straight ripped off hundreds of thousands of dollars from webmasters like me. Thats a fact. Anyone else have a babenet story?

I want my free booth too god damn it.

Gene Ross isn't the sharpest knife in the drawer.

If Babenet wins that lawsuit maybe they can finally pay me my cash they have owed for so many years now. Obviously they don't like being ripped off. Neither do I. Pay up Babenet aka Bigclicks.