A Miami lawyer has filed a class-action lawsuit against domain name auction site SnapNames.com, after the company announced that a former employee was bidding against potential customers in domain name auctions.
Attorney Santiago Cueto filed the lawsuit Monday in Miami-Dade County Circuit Court on behalf of his brother, Carlos Cueto, and others who participated in SnapNames.com’s online auctions. The lawsuit alleges that a former vice president at SnapNames.com secretly bid on tens of thousands of domain name auctions over the past four years, leading to falsely inflated prices.
