WSJ.com: “What’s in a Name? $50k, Perhaps, If You’re the Victim of Cybersquatting“:
Cybersquatters, beware. Verizon said it’s been awarded $33.2 million in a default ruling against a San Francisco firm.
The default ruling, according to Verizon, said the firm, registrar OnlineNIC, “unlawfully registered at least 663 domain names that were either identical to or confusingly similar to Verizon trademarks.” The company was awarded $50,000 per name for OnlineNIC’s “bad-faith registrations” that were intended to steer traffic away from Verizon’s sites, it said.