I'm proud to be a board member of WADND and am thrilled to share this tidbit with you guys. It has big implications for all domainers!
Respectfully,
Jeff Reynolds
ICANN AND VERISIGN SUED FOR PRICE FIXING AND MONOPOLIZING THE â.COMâ DOMAIN NAME MARKET
San Jose, California:
ICANN (the corporation that maintains the database for all internet domain names) and VeriSign (ICANNâs subcontractor for the â.comâ and â.netâ domain names) are named defendants in a law suit filed in federal court in San Jose, California, today, alleging that the two have engaged in antitrust activities, including conspiracy, monopolization, illegal price fixing and monopolizing â.comâ and â.netâ domain name markets. The suit alleges that the two are on the verge of entering âan unlawful agreement [that] gives VeriSign a permanent monopoly over the all â.comâ and â.netâ internet domain name registrations.â
âThis agreement would permanently fix the price of registering any â.comâ or â.netâ domain name far above what a free market would otherwise bear,â said Patrick Cathcart of Cathcart, Collins & Kneafsey LLP who filed the suit.
âIt also guarantees annual price increase at double the rate of inflation. There is no legitimate reason for these price increases. ICANN and VeriSign are trying to take advantage of the lack of government oversight and line their pockets at the expense of consumers,â said Cathcart.
ICANN (or the Internet Corporation for Assigned Names and Numbers) is the California Corporation that maintains the database of all internet domain names (such as www.amazon.com). The ICANN/VeriSign contract, known as the 2005 Registry Agreement would extend VeriSignâs control of the â.comâ and â.netâ portions of the internet database.
Complaint here: http://wadnd.com/Complaint(ver4).pdf
Respectfully,
Jeff Reynolds
ICANN AND VERISIGN SUED FOR PRICE FIXING AND MONOPOLIZING THE â.COMâ DOMAIN NAME MARKET
San Jose, California:
ICANN (the corporation that maintains the database for all internet domain names) and VeriSign (ICANNâs subcontractor for the â.comâ and â.netâ domain names) are named defendants in a law suit filed in federal court in San Jose, California, today, alleging that the two have engaged in antitrust activities, including conspiracy, monopolization, illegal price fixing and monopolizing â.comâ and â.netâ domain name markets. The suit alleges that the two are on the verge of entering âan unlawful agreement [that] gives VeriSign a permanent monopoly over the all â.comâ and â.netâ internet domain name registrations.â
âThis agreement would permanently fix the price of registering any â.comâ or â.netâ domain name far above what a free market would otherwise bear,â said Patrick Cathcart of Cathcart, Collins & Kneafsey LLP who filed the suit.
âIt also guarantees annual price increase at double the rate of inflation. There is no legitimate reason for these price increases. ICANN and VeriSign are trying to take advantage of the lack of government oversight and line their pockets at the expense of consumers,â said Cathcart.
ICANN (or the Internet Corporation for Assigned Names and Numbers) is the California Corporation that maintains the database of all internet domain names (such as www.amazon.com). The ICANN/VeriSign contract, known as the 2005 Registry Agreement would extend VeriSignâs control of the â.comâ and â.netâ portions of the internet database.
Complaint here: http://wadnd.com/Complaint(ver4).pdf