TED conference creator in $10M lawsuit over sale of spinoff
PROVIDENCE, R.I. (AP) — The man who created the TED conference is embroiled in a multimillion-dollar legal dispute over the sale of a TED spinoff.
Richard Saul Wurman is an architect and graphic designer who founded TED in 1984 to focus on technology, entertainment and design.
In a lawsuit filed in federal court in Rhode Island, Wurman says Marc Hodosh, who bought TEDMED from him in 2008, breached their contract and cost him millions when he resold TEDMED in 2011 without giving him any compensation.
Wurman didn't return a message seeking comment, and his lawyer declined to comment, saying the filings in the case were self-explanatory.
In court papers, he said Wurman interfered with the sale, leading the man who purchased it to reduce his offer for TEDMED by $9 million.