|
|
announced the amicable
resolution of the lawsuit filed by several Verizon
companies against Internet REIT claiming violations of
the Anti-Cybersquatting Consumer Protection Act.
The settlement between the parties includes a monetary
payment to Verizon and the issuance of a permanent
injunction prohibiting Internet REIT from registering,
trafficking in, or using, as a registrant, any domain
name that is identical or confusingly similar to the
Verizon trademarks. Additional details regarding the
resolution of the case are confidential." |
|
So ends an
embarassing chapter for iREIT that resulted in most of
their top level managers departing the company. It
should be noted that Verizon is not exactly Snow
White in this drama either. As we noted in a December
8th post, Verizon currently monetizes typos of countless trademarked company
names themselves by redirecting customers of their
internet service to Verizon's own landing pages that are
filled with ads related to mistyped words entered in the
browser.
(Posted
Dec. 21, 2007) |
