Sex.com, VeriSign Settle Domain Name Suit

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The settlement comes roughly nine months after the U.S. Ninth Circuit Court of Appeals ruled that Gary Kremen, who first registered the Sex.com name in 1994, had property rights to the stolen domain and that Network Solutions, then owned by VeriSign, was liable for transferring ownership without proper authorization. The landmark case put domain names in the same playing field as real property, giving them protections similar to a house or a car….

Terms of the settlement were not disclosed. However, sources close to the agreement said it was in excess of $15 million.

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