The insider shill bidding scandal at SnapNames.com has resulted in a second class action lawsuit being filed against SnapName's current owner, Oversee.net.
The shill bidding activity allegedly conducted by former SnapNames VP Nelson Brady began a couple of years before Oversee bought SnapNames in 2007 and it was Oversee who discovered it and made it public earlier this month. Even so, as the company left holding the extremely hot SnapNames potato when the scheme was uncovered, Oversee now has to deal with the legal aftermath.
Though they have extended a restitution offer to those victimized by the shill bidding activity, the offer has not satisfied some customers and they have instituted class actions lawsuits as a result. The first one was filed in Florida on November 9th with the second one (PDF file), as reported by Andrew Allemann this morning, following this past Tuesday (November 18th) in the U.S. District Court in Los Angeles, California. Both the plaintiff in the California action, Stewart Resmer, and Oversee.net are located in Los Angeles. Resmer is being represented by the law firm of KamberEdelson LLC.
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