Traverse Internet Law reports that a federal court in Northern California has awarded Verizon $50,000 per confusingly similar domain name registered by OnlineNIC, a registrar and the owner of the names. All 663 domain names sued upon were alleged to either be close misspellings of the Verizon name or contain the name itself. Verizon is part of a not for profit coaltion fonded last year that fights cybersquatting.
At Traverse Internet Law this case is helpful for those who push the envelope with domain name ownership. At $50,000 per domain name, which the Judge found to be a reasonable award, the practice of cybersquatting as a business strategy can get pretty costly.