Cybersquatter hands over domains — and up to $15,000 cash.
In terms of domain name cybersquatting and trademark settlements, it’s hardly the biggest judgment. The difference is that this one involves someone who will actually have to pay up and it will certainly hurt his pocketbook.
Earlier this year Domain Name Wire wrote about a lawsuit filed by Hells Angels against Terry Myers. Myers registered a bunch of domain names that included Hells Angels Motorcycle Corporation trademarks and listed many of them for sale on eBay. Hells Angels sued Myers for $2M.
Myers ended up settling the case. He agreed to transfer the domain names, acknowledge Hells Angels’ trademarks, and pay up to $15,000, according to court records. (It’s $10,000 if he pays it by January 2010).
That should be a lesson to anyone thinking “what’s the worst that can happen”. Myers is no different from many people who think they can make a quick buck buying a trademark domain and selling it on eBay. Only he picked a fight with the wrong people.