SnapNames Class Action Headed to State Court: Lawyer
Lawyers plan to take case to state court.
The lawyers that filed a lawsuit in federal district court against SnapNames and Oversee.net over the ‘Halvarez’ scandal and later dismissed the case say it’s not over yet.
“It was really just a procedural move,” stated Michael Aschenbrener, lead attorney on the case for Edelson McGuire LLC, commenting on why the case was dismissed.
Aschenbrener stated they might have an easier time filing the case in state court. The case hit a roadblock since of class action rules that require the money involved in the case to be $5 million in federal district court. That requirement doesn’t exist in state court, Aschenbrener explained.
Following the suit was filed, Oversee.net represented that U.S. clients lost less than $1 million due to the ‘halvarez’ bids. Worldwide losses are likely around $2 million.
It is somewhat unusual for a class action to be filed against a firm that has by now admitted wrong doing and has offered compensation to clients.
“This case is unique in that Oversee and SnapNames took corrective action,” stated Aschenbrener. “Our perspective is those were great first steps but a bit more needs to be done to fully compensate clients and restore confidence.”
As stated by Oversee.net, regarding half of the money owed to U.S. clients has by now been claimed. Aschenbrener stated clients who accepted Oversee.net’s compensation offer would likely not be part of the class since they have by now released SnapNames of liability.
