Feeds

Sex.com auction delayed

Lawyers step in to block bargain sale

Reducing security risks from open source software

The auction of the controversial domain name sex.com has been delayed, after some of its owner's creditors stepped in with a bankruptcy claim.

The foreclosure sale had been due to go ahead in New York today, with a simultaneous online auction at ProxiBid.com, but the auction is now listed as “postponed”.

The law firm of Meister Seelig & Fein said in a press release that it has filed an involuntary Chapter 11 bankruptcy petition against sex.com's indebted current owner, Escom.

“Petitioners took this action to protect their interests and to maximize value for all other creditors and equity holders,” the firm said. The sale “would have diminished the value of Escom's assets”.

Domain investor Michael Mann, who said he is a creditor, said in an email: “[I]t has been delayed because the auction and sale process was flawed and illegal and a bankruptcy judge can protect it.”

It seems Escom's creditors were worried that a foreclosure auction was not the best place to sell off one of the internet's most valuable pieces of real estate.

Escom acquired the domain for a rumoured $14m in 2006. Sex.com has a storied past, and was the subject of a 2007 book by our own Kieren McCarthy. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.