Verizon Awarded $33.15 Million in Damages against Cybersquatter
Verizon Awarded $33.15 Million in Damages against Cybersquatter
Posted 12/30/2008 at 5:48am
| by Pulkit Chandna
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Verizon has secured a major legal victory against OnlineNic, a San Francisco-based domain registrar, which has been tormenting it for quite some time by squatting domains related to the telecom giant’s products. The court has ordered OnlineNIC to pay a sum of $33.15 million for squatting more than 600 Verizon-related domains.
Although the court’s order is expected to serve as a deterrent against cybersquatting, it is not clear how the promoters and employees of OnlineNIC will be brought to book as their identities still remain a mystery. They seem to be adept at concealment just like many other cybersquatters. In fact, it is this ability of cybersquatters to operate undercover that allows them to operate with impunity.
Image Credit: TheHinduBusinessLine
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punditguy
December 30, 2008 at 7:09am
$33.15 != $33.15 million.
The headline is a slap in the face to Verizon; the actual story is a kick to the nuts for OnlineNIC.
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