OnlineNic lost by default because they did not even bother to show up in court to defend the case, a very surprising situation given that a judgment of this size could bankrupt the registrar. A couple of thoughts immediately crossed my mind when this news broke. #1 - what could OnlineNic have possibly been thinking! Verizon has been vigorously going after those infringing their trademarks for a long time now and their 2007 lawsuit against iREIT was major news in the domain industry that OnlineNic had to know about. Why would they hold a massive lot of clearly infringing names when doing so put a huge target on their back and their entire business at risk? 

The second thing that came to mind is how does Verizon continue to win judgments against cybersquatters when Verizon is one of the most active cybersquatters on the Internet themselves!? As anyone who uses Verizon as an internet service provider knows (they happen to be my ISP too) any time you mis-type a name in your browser, the typo (if there is not an existing website with the 

misspelled name) leads to Verizon's own in-house landing page with PPC links monetizing those typos - including countless trademarked terms. For example, I just typed HulettPackerd.com into my browser and was sent to a Verizon page loaded with PPC links to Hewlett Packard products (see screenshot below).