SnapNames settles lawsuit against VP


Portland-based SnapNames has settled its lawsuit against a former executive who rigged the company’s online auctions.

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Portland-based SnapNames has settled its lawsuit against a former executive who rigged the company’s online auctions.

The company buys expiring domain names and auctions them off online.

SnapNames reported a year ago that a former vice president, Nelson Brady, had been secretly participating in the auctions from 2005 to 2009.

“Using the fictional name Hank Alvarez, Mr. Brady was improperly bidding against SnapNames customers using that fake identity,” said Mason Cole, vice president of communications for Oversee.net, SnapNames’ California-based parent company.

Read more at OregonLive.com.

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