Verizon Wins $33 Million Award in Cybersquatting Case

Telecommunications giant Verizon has won a record $33.15 million judgment against Internet domain registrar OnlineNIC for cybersquatting. OnlineNIC had registered at least 663 domain names that were either identical to, or confusingly similar to, Verizon trademarks, and the court concluded that this had been designed to attract people trying to access Verizon's Web sites.

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