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ICANN/Verisign Sued For Monopoly Abuse

Posted by Zonk on from the now-we-see-some-fireworks dept.

Andy_R writes "The BBC is reporting that the World Association of Domain Name Developers (WADND) have filed suit against ICANN and Verisign for alleged violations of antitrust, conspiracy, monopolization and price fixing laws. The suit alleges that the two are entering an unlawful agreement that gives VeriSign a permanent monopoly over the all .com and .net domain name registrations, and the right to raise prices at 7% per annum forever. The text of the lawsuit is available as a .pdf from WADND." ZDNet has the story as well.

2 of 209 comments (clear)

  1. Re:it is possible that... by AdamWeeden · · Score: 4, Informative

    I'm fairly sure that the sub-registrars you go through (godaddy.com, regsiter.com, etc.) are just middle men.

    --
    I was quoted out of context in my autobiography...
  2. Re:Solution... by dada21 · · Score: 3, Informative

    The United Nation is not a for-profit organization? Really?

    were arrested over bribery involving millions of dollars

    in which one U.N. staffer, Alexander Yakovlev, was convicted in a Manhattan federal court this past August

    step down from his post Monday amid allegations that he and the governing

    Bailey's Compass Sacks Three Execs In UN Scandal

    Germany Shocked by Damning Report On UN Scandal

    More?