Lawsuits and Judicial Decisions Verisign/NSI
Suit Seeks to Block VRSN-ICANN Deal
posted by michael on Tuesday November 29 2005, @03:23AM

According to eWeek, parties in the domain name business are suing in federal court to block the ICANN-VRSN deal on anti-trust grounds, claiming it is a form of price fixing. (Interestingly, the article seems to suggest that they have filed an independent lawsuit rather than intervening in the ongoing case. I'm unclear as to why this is, although I suspect it is jurisdictional.) Here's the quote:

World of Domain Name Developers Inc., asked the court to stop the nonprofit body overseeing the Internet's addressing system—the Internet Corporation for Assigned Names and Numbers, or ICANN—from allowing VeriSign Inc. to maintain control of the lucrative ".com" domain until 2012.

That proposed deal reached in October settled a long-running dispute between ICANN and VeriSign and is expected to be finalized by the end of the year.

The lawsuit, which was filed in federal court in San Jose Monday, said the proposed settlement violates federal laws against price fixing and creates a monolopy of the ".com" and ".net" domain name markets.

Plaintiffs' attorney Patrick Cathcart said the settlement fixes the price of registering any ".com" or ".net" far above market rates. He also said terms of the settlement guarantee VeriSign annual price increases at double the rate of inflation.

This may be a good time to point out that Froomkin & Lemley's ICANN & Anti-Trust, 2003 ILL. L. REV. 1, is available for download...

[UPDATE: Press Release announcing the law suit.]

What the World Needs Now?

  ICANNWatch Login  


[ Don't have an account yet? Please create one. It's not required, but as a registered user you can customize the site, post comments with your name, and accumulate reputation points ("karma") that will make your comments more visible. ]

  Related Links  
· VeriSign/NSI
· ICANN & Anti-Trust
· Press Release announcing the law suit
· More Lawsuits and Judicial Decisions stories
· Also by michael
Suit Seeks to Block VRSN-ICANN Deal | Log in/Create an Account | Top | Search Discussion
Click this button to post a comment to this story
The options below will change how the comments display
Check box to change your default comment view
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.


Privacy Policy: We will not knowingly give out your personal data -- other than identifying your postings in the way you direct by setting your configuration options -- without a court order. All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest © 2001, 2002, 2003, 2004 by ICANNWatch.Org. This web site was made with Slashcode, a web portal system written in perl. Slashcode is Free Software released under the GNU/GPL license.
You can syndicate our headlines in .rdf, .rss, or .xml.