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→Verisign Vs. ICANN
===Verisign Vs. ICANN===
===Verisign Vs. ICANN===
On February 26, 2004, Verisign filed a law suit against ICANN alleging that the internet governing body seriously abused its technical coordination function. The company also stated that ICANN conducted a "blatant breach of the registry agreement, and an interference with VeriSign's contractual relations and prospective economic relationships."<ref>[http://www.icann.org/en/legal/verisign-v-icann/icann-cross-compl-12Nov04.PDF Verisign Vs. ICANN]</ref> The company's allegations against ICANN was due to the internet governing body's directive to Verisign to stop its implementation of the Site Finder Service which caused the weakening of the stability of the internet as reported by Internet Architecture Board ([[IAB]]) and Security and Stability Advisory Committee (SECSAC). In addition, Verisign also included in its complaint the issue regarding the delay of the implementation of the Waiting List Service until October 2003 which became indefinitely. It also cited that ICANN insisted the introduction of new procedures not required by the 2001 .com Registry Agreement, the price reduction for the intended WLS based on competitors suggestions and for Verisign to accept other conditions suggested by ICANN. Verisign argued that such conditions benefit the different Constituencies of ICANN but disadvantageous to the company's competition and service offering. The company also pointed out that ICANN's delay of the WLS deprived Verisign to gain profit from the service. Furthermore, Verisign claimed that other companies are offering similar services to the WLS which competes to Verisign's WLS.<ref>[http://www.icann.org/en/legal/verisign-v-icann/verisign-v-icann-complaint-26feb04.pdf Verisign Vs. ICANN]</ref>
==References==
==References==