ICANN/Verisign Sued For Monopoly Abuse

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.