WILMINGTON, Delaware (Reuters) – A shareholder of Bible.com Inc sued the company's board members, accusing the ordained ministers of failing to profit from the "goldmine" potential of the namesake Internet property, according to a lawsuit.
James Solakian filed the lawsuit in Delaware's Chancery Court against the board of Bible.com for breaching their duty by refusing to sell the site or run the company in a profitable way....
The company's business plan stated "it is the goal of the board of directors of Bible.com to become very, very profitable," according to court documents. The business was also to be governed in accordance with Christian business principles.
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