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21 Apr 2004
VeriSign settles Sex.com lawsuit
Chris O'Brien, San Jose Mercury News
VeriSign will pay about $15 million to settle a lawsuit that claims it improperly transferred the Sex.com domain name.
The settlement comes after a decade-long legal battle waged by entrepreneur Gary Kremen to prove he was the rightful owner of the lucrative Internet address.
Perhaps more significantly, the case established the legal precedent that Internet domains were indeed property and that owners could sue to protect their rights. (Emphasis added)
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