Faraday Future Hit With $210k Lawsuit Over its Domain Name

Faraday Future has been hit with a lawsuit alleging that it failed to pay a broker for acquiring FF.com on behalf of the electric automaker.

A 10-page complaint filed against Faraday in San Francisco County Superior Court alleges that Domains Cable was not paid a 15 per cent agreement after negotiating a deal to purchase FF.com from Bank of America for $1.5 million.

In the complaint, viewable on Jalopnik, it is alleged that Faraday’s former head of corporate communications, Marcus Nelson, employed the help of Suraj Rajwani from Domains Cable to think of a name for the start-up automaker and to register an appropriate domain name.

During negotiations, Nelson said that Faraday would give Rajwani a fee on top of the domain’s purchase price.

Rajwani soon began negotiating with Bank of America to purchase the domain FF.com and put forward an offer of $150,000. Bank of America counter-offered with $2.5 million. Rajwani ultimately told Faraday that he had got the asking price down to $1.5 million.

Unbeknownst to him, the electric automaker took matters into its own hands and went directly to Bank of America to purchase the domain for $1.4 million, cutting out the middle man (Rajwani).

In the lawsuit, Rajwani asks for no less than $210,000 alongside miscellaneous costs and expenses of the suit.

PHOTO GALLERY

  • donald seymour

    I know we have a no cussing or cursing policy on this site, but [email protected]%N!

    • U8INIT

      We do?!… :/ I have not been in compliance LMAO!

      • donald seymour

        Well, it was started when the site originally became its own domain. It was due on a good faith basis that we would contain ourselves. This being done leaves the discussion board open for rapid response versus having the site doing a check on every post, which was extremely slow by the way. That’s is why you may see us tell someone to chill with the profane language.

  • S3XY

    There goes the last of their money LOL. Faraday No Future. They said they have “64,000 reservations” for their prototype with no interior. Yet only 60 people put money down LOLOLOLOLOLOLOL

  • John Kim

    I have the domain name Faradayfuturemotors.com for sale If anyone wants to buy.

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