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Old 11-09-2009, 01:23 PM
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SnapNames Gets Hit With Class Action Suit Over Shill Bidding

Some things in life are a certainty. Death. Taxes. Lawsuits. An example: If you steal from your customers for half a decade and then force them to sign a no-lawsuit agreement before you give them their money back, you're going to get sued. And that's exactly what happened to SnapNames. Last week the company admitted that an executive was has been bidding on auctions for domain names, driving up prices. Money would be refunded, plus interest, said SnapNames, but customers were required to sign an agreement waiving any legal rights. Today the Cueto Law Group filed a class action lawsuit against SnapNames. The press release is below. Sadly, most class action lawsuits result in little money ever reaching plaintiffs - only the lawyers make the big dollars. In our opinion criminal charges should be brought against a wide variety of SnapNames executives as well. The press release:



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