Lawsuit filed over bidding scandal.
The first class auction against SnapNames over the bidding scandal has been filed.
The lawsuit was brought by the Cueto Law Group law firm, and filed in Miami-Dade County Circuit Court in Florida. The lead plaintiff is Carlos A. Cueto, while the law firm is led by Santiago A. Cueto. I’m checking on the connection between the two people. [Update: Carlos is Santiago’s brother.]
According to a press release from the company (link removed because no longer active):
The domain name industry is the wild west of intellectual property because it remains unregulated. The online community has been up in arms over what they feel has been an opaque system that just begs for transparency. It is impossible to know whether you are bidding against someone that isn’t working or affiliated with the company conducting the auction,” said attorney Santiago A. Cueto.
“Domain names are the last frontier for the average person to stake their claim on some very valuable property. The Defendants’ conduct has made it harder for people to do so and we intend to put a stop to this practice, which we perceive as being a major concern in the industry,” added attorney Santiago A. Cueto.
You can expect more lawsuits, if the money is there for the lawyers.