Telepathy claims finance company is trying to reverse hijack a domain name it owns.
Telepathy, Inc., a company owned by domain name investor Nat Cohen, has sued Seattle company Parametric Portfolio Associates, LLC for alleged reverse domain name hijacking and other actions.
Parametric, a financial firm, uses the domain name ParametricPortfolio.com. Telepathy has owned the domain name Parametric.com since 1998.
Parametric filed a UDRP on Parametric.com at World Intellectual Property Organization last month. Rather than wait for a UDRP decision that cannot award financial penalties for reverse domain name hijacking, Telepathy decided to sue in U.S. District Court in Washington DC.
In addition to seeking a finding of reverse domain name hijacking and a $100,000 penalty for it, Telepathy is seeking declaratory judgment and findings of fraud and negligent misrepresentation. Click here to continue reading…