February 15, 2002 08:30am
Lawsuit Filed Against The .TV Corporation By Sex.TV For Cyber Squatting, Fraud
Source: Sex.TV Ltd.
by: Company Press Release
(LONDON, ENGLAND) -- the .TV Corporation, which was recently acquired for $35M by Internet giant Verisign, was sued on February 11, 2002 by Sex.TV Ltd, claiming that it was defrauded of $688,000 by the .TV Corporation when it purchased large numbers of over priced domain names ending in .TV.
Sex.tv is suing on behalf of all domain name purchasers, and includes in its complaints claims for cyber squatting, alleging that the .TV Corporation engaged in a “protection racket” to register trademarks and “ransom them back” to trademark owners for inflated prices.
The complaint asks for an injunction against TV's commission of unfair business practices in the registration of domain names. The Sex.TV website was knocked off the Internet on the date of the lawsuit filing in what appeared to be retaliation for the lawsuit.
Attorney Charles Carreon, who filed the lawsuit, stated: “the .TV Corporation has been in bad faith since the beginning, and this latest turn is their usual m.o. .TV should do the right thing now that they have Verisign behind them to pay some bills. They swindled my client and hundreds of thousands of .TV domain name registrants, by selling overpriced domain names that did not work. We are asking the court to order disgorgement of unlawful profits.”
Carreon continues, “In every day terms we are asking the court to get the .TV Corporation to cough up what it obtained through fraud, deception and unfair business practices in violation of California law.”
Carreon says that additional plaintiffs will be added in the coming weeks.
The filing can be found at: http://www.nakedgames.net/tv/motion.htm
T: 800 200 7993