AMAJOR LIST COMPANY and a former client are engaged in a lawsuit over when to calculate rental revenue for a mailing list.
Direct Media LLC sued office supplies vendor Boise (formerly known as Boise Cascade) last month, alleging that it is owed more than $60,000 on 2001 rentals of the Reliable Office Products file. At issue is whether list revenue should be recorded when it is booked or when payment is actually received. Greenwich, CT-based Direct Media is also trying to recover fees based on Boise’s participation in one of its databases.
According to court papers, the 2001 management agreement signed by the firms called for Direct Media to produce minimum list revenue of $980,649 for the year, and to guarantee minimum quarterly payments. These were to start at $202,000 for the first quarter and escalate every three months to top out at $295,330 for the fourth quarter. In addition, the list firm was to make up any shortfalls.
This agreement was the same as the one for 2000
