The speaker purchased a domain name for $1,000 and later found out that it was sold to someone else for $5,000. The speaker filed a temporary restraining order on the transaction and reached out to the buyer, offering a 50-50 partnership and control over the name. They eventually sold the name together for $500,000 to Symantec. The speaker also had a dispute with Symantec who claimed they were violating their trademark on the name 'act.com.' The speaker argued that Symantec did not own every class of trademark for the word 'act' and negotiated a sale price of $300,000 for the domain name. The speaker considered this a successful outcome and felt that it paid for their law degree.