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→.COM Controversies
==.COM Controversies==
==.COM Controversies==
===Sex.com===
Sex.com was one of the most controversial domain name which was registered to Network Solutions in 1994 by Gary Kremen. The ownership of the sex.com was transfered by NSI to Stephen Cohen in 1995 when he submitted forged ownership transfer documents to Network Solutions. Kremen accused Network Solutions of negligent transfer and filed charges against Cohen demanding the return of his ownership to sex.com and return the profits accumulated by the site.<ref>[http://www.issuesininternetlaw.com/cases/kremen.html Kremen vs. Cohen]</ref>
Sex.com was one of the most controversial domain name which was registered to Network Solutions in 1994 by Gary Kremen. The ownership of the sex.com was transfered by NSI to Stephen Cohen in 1995 when he submitted forged ownership transfer documents to Network Solutions. Kremen accused Network Solutions of negligent transfer and filed charges against Cohen demanding the return of his ownership to sex.com and return the profits accumulated by the site.<ref>[http://www.issuesininternetlaw.com/cases/kremen.html Kremen vs. Cohen]</ref>
In 2001, US District Judge James Ware ruled in favor of Kremen and directed Cohen to pay $65 million revenue lost and damages to Cohen.<ref>[http://www.theregister.co.uk/2001/04/04/sex_com_owner_wins_65m/ Sex.com owner wins $65 million damages]</ref> Cohen ignore the court order and became fugitive and an arrest warrant was issued for his arrest.Kremen offered a $50,000 reward for Cohen's arrest.<ref>[http://www.offshore-e-com.com/asp/story/story.asp?storyname=3850 $50,000 Reward for the Man who Stole SEx.com]</ref>
In 2001, US District Judge James Ware ruled in favor of Kremen and directed Cohen to pay $65 million revenue lost and damages to Cohen.<ref>[http://www.theregister.co.uk/2001/04/04/sex_com_owner_wins_65m/ Sex.com owner wins $65 million damages]</ref> Cohen ignore the court order and became fugitive and an arrest warrant was issued for his arrest.Kremen offered a $50,000 reward for Cohen's arrest.<ref>[http://www.offshore-e-com.com/asp/story/story.asp?storyname=3850 $50,000 Reward for the Man who Stole SEx.com]</ref>
In 2004, Kremen and Verisig which owns Network Solutions agreed to settle their legal battle out of court in an undisclosed amount after the court of appealed ruled that Network Solutions was held liable for the negligence of transferring the sex.com domain to Cohen without verifying if the transfer was made by the true owner.<ref>[http://www.zdnet.co.uk/news/networking/2004/04/21/sexcoms-original-owner-settles-with-verisign-39152565/ Kremen & Verisign Settlement Agreement]</ref>
In 2004, Kremen and Verisign which owns Network Solutions agreed to settle their legal battle out of court in an undisclosed amount after the court of appealed ruled that Network Solutions was held liable for the negligence of transferring the sex.com domain to Cohen without verifying if the transfer was made by the true owner.<ref>[http://www.zdnet.co.uk/news/networking/2004/04/21/sexcoms-original-owner-settles-with-verisign-39152565/ Kremen & Verisign Settlement Agreement]</ref>
===Races.com===
Another controversial domain name was the races.com which was bought for thousands of dollars by MBA student John McLanahan.Network Solutions inadvertently bungled the transfer of races.com and put it on the available list.SportWorld Ltd, a domain name speculator registered the domain name through Register.com, a competing registrar. SportWorld Ltd. turned around advertised races.com for $500,000.<ref>[http://www.wired.com/techbiz/media/news/1999/12/32974 Races.com]</ref>
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==References==