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Registerfly Press Releases
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Thursday, 22 March 2007 |
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The split between the founders of Registerfly.com, the leading
domain name registrar, took a tawdry turn last week, as court documents
filed by John Naruszewicz and Unifiednames, the corporation that owns
Registerfly.com, made some shocking allegations against ousted CEO
Kevin Medina.
The complaint seeks compensatory and punitive damages, and alleges
that 75,000 domain names were lost in January 2007 alone due to failure
to remit registry fees. The complaint goes on to accuse Medina of using
corporate accounts as private slush funds, thereby failing to maintain
sufficient float to cover registry fees.
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