Monthly Archive for May, 2010
CamRoulette.com subject to lawsuit.
It’s the deal that keeps on giving.
The domain name world was shocked with CamRoulette.com sold for $151,000. The original registrant of the domain name was kicking himself for selling it for only $1,400. But now he has bigger problems: another person says he had an agreement to buy the domain name for $700. He’s suing for $150,300, the difference between what he offered to buy the domain for and what it sold for at auction.
The original registrant, Craig Snyder of Florida, posted his story about being sued on DNForum [Update: DNForum deleted the thread], saying he’s just a self-employed high school grad with very little money to his name. The company that filed the lawsuit claiming it had agreed to buy the domain, FRASER DB, Inc. (owned by Fraser Brown) apparently thinks that he’s actually another Craig Snyder with more money to his name. You can read the complaint here.
In addition to suing for the difference in sale price, the plaintiff is asking for specific performance of the sales agreement. The plaintiff apparently wanted CamRoulette.com so he could start a competitor to ChatRoulette.com.
A couple thoughts about this lawsuit:
1. I suspect that the plaintiff will rethink the strategy when they realize the defendant has very little money.
2. If this case moves forward, it could be a reminder to many domainers of what constitutes and offer and agreement.
© DomainNameWire.com 2010.
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Related posts:
- CamRoulette.com: Understanding Domain Sales Regret
- Domain Registrar eNom Sued. Here’s My Take.
- Craig Snyder Joins Oversee.net
DNJournal: New DN Journal Cover Story: The life of former Fabulous.com leader Dan Warner. He has done a hitch in the Navy, worked as a carpenter, paramedic, fireman, software developer & pharmaceutical salesman + survived a near fatal accident & a thieving CFO who wound up in jail after destroying Warner's multi-million $ company.
The Domains:
OK domainers it time to go back to the basics.
You can only sell a domain once.
If you agree to sell a domain and the buyer pays you, you have a done deal.
You have to transfer the domain or you can be sued.
and Yes e-mail’s count.
It Seems obvious to me but, I realized this was not
Shoes.tv domain name was recently sold through Sedo for $18,000 .Another interesting domain name recently sold through Sedo is mobile-payment.com,sold for $20,000 .
MorganLinton.com:
Let’s face it – the iPad is the talk of the town whether you’re in the Domaining world, the finance world, or the gaming world. Making it to the one-million sales mark before the iPhone was just the beginning of how the iPad is going to change the game. Sure – there are some nay-sayers
The Domains:
Domain Names are in the news again over at the Miami Herald, which covered them for a second time in a month (They wrote a story on DomainFest as well).
This time its the .Mobi extension that get covered by the south Florida publication.
Once again the domain king, Rick Schwartz is quoted extensively, this time in
Fusible.com:
Bill Kara is a lot different than many domain investors who buy up domain names for hundreds of thousands of dollars. It's development that's key to his success, and that means developing his "casual games" internet properties and getting those names out of parked and into the top of the search engines.
Bill Kara is a f...
Domain Name Wire:
CamRoulette.com subject to lawsuit.
It’s the deal that keeps on giving.
The domain name world was shocked with CamRoulette.com sold for $151,000. The original registrant of the domain name was kicking himself for selling it for only $1,400. But now he has bigger problems: another person says he had an agreement to buy the doma...
The United Arab Emirates Telecommunications Regulatory Authority has officially announced the launching of the arabic IDN .emarat .
SnapNames iGaming Super Show auction will close tomorrow,June 1st ,2010 .SnapNames partnered with iGaming Super Show in Prague for this auction .
Only four domain names received bids so far,and only three domain names had their reserve met .
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