Some applicants for new top-level domain names, revealed today by ICANN, are likely to sue the Internet domain naming organization, Crowell and Moring partner John Murino tells Bloomberg Law's Josh Block. Top-level domains are the ".com" part of an Internet address. This will be the largest-ever expansion of the Internet's naming system. 1,930 proposals were received for 1,409 different top-level domain names. Applicants paid $185,000 for each proposed domain. Claims by owners of trademarks and suits alleging antitrust violations are likely to come, with ICANN having stockpiled $120 million to deal with the expected litigation, Murino says.
Link: http://www.youtube.com/watch?v=l79nx75gYbY&feature=plcp
Link: http://www.youtube.com/watch?v=l79nx75gYbY&feature=plcp