Company believes covenant not to sue is invalid.
New top level domain name company Donuts, through its company Ruby Glen, LLC, filed its opening brief (pdf) last week in an appeal over the .web domain name.
Donuts was one of the applicants for the .web domain name. Nu Dot Co won the auction for $135 million after Verisign struck a deal with it to transfer the ICANN agreement for .web to it after the auction.
The runner up in the auction was Afilias, not Donuts, but Donuts was upset that Nu Dot Co wouldn’t participate in a private auction for the domain name. Instead, Nu Dot Co pushed it to an ICANN “auction of last resort”. Had the auction been private, Donuts would have received about a $22.5 million payoff for losing. Click to continue reading…