This is a follow-up story from the Boston Herald, regarding a fight over a real estate internet web site.
If you recall, the Boston Herald ran a story about a real estate lawsuit filed at Suffolk Superior Court. Kevin Ahearn, president of Otis & Ahearn filed a claim against CondoDomain.com and the founder of the company Anthony Longo, stating it violated an agreement to maintain a web site (business) as an online advertising magazine for real estate.
In court documents, Ahearn said he became a minority owner in Longo’s firm based on an implied promise not to compete with Ahearn’s real-estate firm.
The complaint says Longo later changed the business model to a discount brokerage. At no time was it represented that CondoDomain would engage in real estate brokerage, the complaint said.
The updated news is this: I have been informed that both parties have come to an agreement, and it will Not be going to court. Anthony Longo will be buying out Kevin Ahern’s investment in the company.
I’m happy to see we’re all friends again.