Lawsuit filed against former employee over bidding scandal.
SnapNames and its parent company Oversee.net have sued Nelson Brady, the former employee allegedly at the center of a massive bidding scandal last year. The company is seeking $33 million in damages.
In a media statement, the company said:
“Oversee will be demanding millions of dollars from Brady for the damage he caused to Oversee and SnapNames. No amount of money, however, could compensate the damage Brady has caused to SnapNames’ and Oversee’s reputation in the marketplace.”
Last year the company also voluntarily disclosed Brady’s conduct to both the US Attorney’s Office and to the Federal Trade Commission. Oversee will not publicly discuss anything relating to law enforcement matters.
According to the company, it has been trying to settle the matter with Brady out of court, but that those settlement efforts were unsuccessful.
Domain Name Wire will be reviewing the case filed in federal court in Oregon (Portland district) and updating you with details.