ICANN, VeriSign Settlement Challenged in California Lawsuit
A Reuters newswire article, via eWeek, reports that:
A trade group of Internet businesses challenged a proposed settlement over control of the ".com" domain as a violation of U.S. antitrust laws in a lawsuit filed Monday in federal court in California.
The 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.
posted by Fergie @ 11/29/2005 06:41:00 AM
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