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    Highlights of the ICANNWatch Archive
    (June 1999 - March 2001)


     
    This discussion has been archived. No new comments can be posted.
    Injunction issued against Neulevel .biz plan | Log in/Create an Account | Top | 39 comments | Search Discussion
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    Re: A question for the lawyers
    by Anonymous on Saturday October 13 2001, @02:30AM (#2873)

    The keyword is bond. Only a percentage is posted.

    This is all a game. What is really happening is the
    Court is trying to find out how deep each player's
    pockets are and how far they are willing to go to
    destroy their opponent.

    Keep in mind that the lawyers on both sides will
    keep it going for as long as their clients are willing
    to pay for the game to be played. ICANN of course
    has an unlimited legal pocket because their lawyers
    are on staff. ICANN could care less about being
    sued and probably welcomes it. That is more job
    security for ICANN staff.
    [ Reply to This | Parent ]
    Answer to Your Question
    by Anonymous on Saturday October 13 2001, @11:19AM (#2889)
    When a party wins a preliminary injunction, it is always required to post a bond. The bond is meant to secure the losing party in the event the party against whom the injunction is issued actually wins in the end. Almost always, a party that wins a preliminary injunction wins in the end.

    So, the plaintiffs had to post a bond (as does everybody who wins an injunction). Neulevel's estimated loss of $1.6 million is perfectly reasonable. They will likely lose that amount because of the injunction. If they win in the end (which is extremely unlikely), they can call upon the bond to make them whole for the losses suffered as a result of the preliminary injunction.

    If plaintiffs don't post a bond, the injunction will be lifted.
    [ Reply to This | Parent ]


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