Case dropped pending settlement.
A lawsuit filed against the original registrant of CamRoulette.com has been settled.
Craig Snyder (not related to the Oversee.net employee) originally registered CamRoulette.com and sold it for $1,200. But another person, Fraser Brown, said he had already agreed to purchase the domain name from Snyder for $700 before Snyder sold it to the other party for $1,200.
It likely wouldn’t have bothered anyone if it weren’t for the domain quickly being resold for $151,000 shortly thereafter. Brown sued, claiming damages for the difference between his $700 offer and the $151,000 sales price.
The terms of the settlement weren’t disclosed, and the case may be reopened within 30 days should the settlement fall through.
It’s not surprising to see an agreement reached. It appeared that Brown had identified another (wealthier) Craig Snyder as the culprit instead of the actual Snyder (who says he’s broke). There probably wasn’t much to gain by moving forward with the suit.