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On 29 October 2010, Internet Brands filed a second lawsuit in the United States District Court for the Central District of California through its wholly owned subsidiary v Bulletin Solutions, Inc.against Xen Foro Ltd., and its founders Kier, Mike and Ashley.The lawsuit alleges "widespread infringement and unlawful exploitation" of v Bulletin's source code and "equally damaging misappropriation of trade secrets" developed and owned by v Bulletin with "investments of millions of dollars over the last ten years." The lawsuit further alleges that the developers of Xen Foro Ltd."took with them virtually every type of document a competitor would need to enter the market and unlawfully create a competing bulletin board software program." Since the initial release of the v Bulletin forum product in 2000, there have been many changes and improvements.Percival decided to step down as lead developer and product manager, turning his roles over to Kier Darby.v Bulletin 3 was under development for nearly two years as it went from a mere improvement on v Bulletin 2 to a complete rewrite.When this version was released, it had numerous new features over v Bulletin 1, which it replaced.
In December 2002, v Bulletin 3 was beginning development.In 2009, long-time developers Kier Darby, Mike Sullivan, Scott Mac Vicar and Jeremy Hutchings left the company.Kevin Sours, Don Kuramura, and Ray Morgan took Darby's place as lead developer, product manager, and general manager, respectively.Rewriting the entirety of the product, v Bulletin 2 commenced development.Shortly thereafter, Limm became the managing director and Percival the lead developer.
The latest stable release of v Bulletin 3 is 3.8.11 which was released on 10th May 2017, and is a maintenance and compatibility release (for PHP 7.x compatibility).