|The George W. Bush Library Foundation has retrieved its domain name. A small Internet company had bought www.georgewbushlibrary.com for less than $10 after it expired and then sold it back it to the library for $35,000.
Christopher Beam, answering the question Is Cybersquatting Against the Law?
I thought for sure that cybersquatting was an old dot.com relic, but apparently it’s not. MarkMonitor, a company that specializes in helping companies protect their brands on the Internet, reports that there were 428,617 instances of cybersquatting in the second quarter of 2008. That’s a 38% increase from 2007.
In the largest cybersquatting judgment ever, a federal court in the Northern District of California awarded Verizon $33.15 million. It seems that OnlineNIC had registered 663 domain names that were either identical or similar to Verizon trademarks.
According to the NY Times: OnlineNic registered more than 900,000 domain names similar to some of the world’s biggest companies, including Google, Adidas, the News Corporation’s MySpace, Wal-Mart Stores and Yahoo, Verizon said in court papers. Verizon accused OnlineNic of using an automated process to register the addresses and employing “numerous means to conceal its true identity.”