February 22, 2007 - (HOSTSEARCH.COM) - Web hosting and domain name provider Registerfly has filed a suit against its former CEO, The Register (http://www.theregister.co.uk) reported today. Kevin Medina is being taken to court by Unifiednames, his former employer, with filed documents listing a number of allegations against him.
The Register’s report suggests Unifiednames is seeking damages for 75,000 lost domain names. The complaint against Mr. Medina is that he misappropriated corporate funds and, as a result, the company was unable to cover registry fees. The company claims the misappropriated funds amounted to tens of thousands of dollars and that Mr. Medina used this money for a variety of purchases including a Miami Beach apartment.
The Register’s report goes on to suggest that 900,000 owners of domains registering with Registerfly have been trying to reacquire rights over domain names that have not been renewed, despite renewal being paid for. The Register’s analysis of the situation is that ICANN (the domain name governing body) should bear some responsibility for the situation for not adequately supervising accredited registrar activity. This drew a response from ICANN's ombudsman, Frank Fowlie, who suggested ICANN does not police the activities of accredited registrars.
