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Settlement with Nelson Brady Saves Oversee.net from Legal Hassles

Brady requested a number of documents related to Oversee.net’s operations.

As far as lawsuits go, Oversee.net’s suit against former employee and shill bidder Nelson Brady was somewhat unique. After all, you had someone who admitted much of the wrongdoing that was alleged.

Yet getting money out of Brady wasn’t going to be easy for Oversee.net. Brady was going to make Oversee jump through some hoops.

For example, Brady subpoenaed Bank of America for “all documents relating to any loans, lines of credit, letters of credit or other credit instruments between BOA and either or both plaintiffs from 2005 to the present,
including, but not limited to a $60 million line of credit issued to Oversee.net in or around 2007.”

Brady also subpoenaed FTI Consulting, Inc., which assisted Oversee.net with its rebate program to affected parties, for data and documents related to communications between a number of parties.

Oversee.net filed Motions to Quash both of these subpoenas. But that’s all a moot point now that the companies have settled. And that’s probably good for both parties.

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Related posts:

1. SnapNames and Oversee.net Sue Nelson Brady aka Halvarez
2. Inside Oversee.net v. Howard Nelson Brady, Jr.
3. Nelson Brady Will Speak, But What Will He Say?

Tags: nelson brady, oversee.net, Policy & Law, snapnames