Meister Seelig & Fein vs Escom
On March, 17th legal firm Meister Seelig and Fein has submitted to Judicial committee of the Central district of California the petition about compulsory bankruptcy Escom. The petition has been registered on behalf of three creditors who have put forward the companies of the claim for the sum over 10 million dollars, informs Domain Name Wire. Thereupon the company simply has no finance for a webhosting. The decision on domain sale sex.com — definitive and irrevocable.
The Head of all three companies-creditors is Michael Mann, known as the founder of site BuyDomains.com. In the message he has informed, that auction has been organised with numerous infringements. According to Michael, the court can provide observance of laws at domain sale.About the fact of sale of the domain sex.com have notified the public in the beginning of March. The initiator of sale of the domain is loan company DOM Partners LLC which financed purchase of the given domain in 2006. Auction finance is intended for repayment of credit debts, payment of a web hosting and tax deduction.
Sex.com is considered the most expensive domain name on the Internet. According to not confirmed sources, Escom has bought the domain for 14 million dollars (!).