Featured in the Wall Street Journal · ABC News · BBC News · Forbes ·  Newsweek · USA Today · New York Times · CNN/Money · Investor's Business Daily

Home

August 27, 2012

Domain Sales

About Us

YTD Sales Charts

E-Mail Us

The Lowdown

News Headlines

Articles

Resources

Archive

Letters to Editor

The Lowdown Subscribe to our RSS Feed
Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Rick Schwartz Puts His Fight Against Reverse Domain Name Hijackers in the Mainstream Business World Spotlight 

If you keep up with domain industry news you are already well aware that a little-known company from Brazil that operates from the ccTLD SaveMe.com.br is attempting to use the UDRP process to hijack the generic domain name, SaveMe.com, from its rightful owner, veteran domain investor/developer Rick Schwartz

The perpetrators don't even hold a trademark on the term "Save Me" in their own country (let alone anywhere else), but it is relatively cheap to buy a UDRP "lottery ticket" and take a stab at absconding with a valuable domain without paying for it, especially since there are no penalties for reverse domain name hijacking, even if you if you are caught and found guilty of the offense by the arbitration panel. Little wonder then that such shenanigans have become all too commonplace in recent years.

Like many domain owners, the irate Mr. Schwartz has had enough and he is not only

Rick Schwartz

fighting to keep his property, he is making sure the would be hijackers in this case are clearly identified and he is sounding a broader alarm to make domain owners in the mainstream business world aware of the burgeoning threat to their online assets in a current system where crime (morally speaking if not technically) too often does pay. Today Schwartz and his attorney, Howard Neu,  issued a press release that was published all over the web, including at the Wall Street Journal's popular Marketwatch.com site.

The release noted one of the many absurdities in the Brazilian company's claim - the fact that Schwartz registered SaveMe.com 15 years before the Brazilian company even existed. If that isn't brazen enough for you, here is another one - the Brazilian company has asked WIPO for a three-member arbitration panel, composed entirely of Brazilian nationals. Again no surprise as  someone who is willing to try to steal something that is not theirs is unlikely to see anything wrong with stacking a deck either.

Theft photo from Bigstock

Schwartz noted, "This is a perfect example of Reverse Domain Hijacking. A party, with no rights whatsoever, tries to bully folks into giving up their domain name, and the domain name owner in many cases can't afford to defend his property. That defense often costs many thousands of dollars. We are determined to let folks who may own valuable dot-com real estate know what is to come, as a bad decision here could have a huge impact on online business. In fact, it could make U.S. businesses much more vulnerable, because we rely on dot-com for our online presence and commerce, as opposed to other extensions or country codes."

If hijackers are successful in purloining a domain through the UDRP process, the only avenue left open to the domain owner is to sue them in federal court - a move that normally pushes the victim's defense costs from the  thousands of dollars into tens of thousands of dollars. Even so, Schwartz, 

who is fortunate enough to have the financial resources to do so, has already indicated he will sue the attackers if they somehow manage to get a decision in their favor (unfortunately, wildly unfair UDRP decisions do happen). 

No date has yet been set for this arbitration hearing but when it happens people will be watching it very closely because if someone can take a domain in a clear cut case like this - something that would make a mockery of the UDRP process -  then clearly no one's domain is safe from would-be hijackers.

((Posted April 9, 2012) To refer others to the post above only you can use this URL:
http://www.dnjournal.com/archive/lowdown/2012/dailyposts/20120409.htm


For all current Lowdown posts - Go Here


We need your help to keep giving domainers The Lowdown, so please email [email protected] with any interesting information you might have. If possible, include the source of your information so we can check it out (for example a URL if you read it in a forum or on a site elsewhere). 

 Home  Domain Sales  YTD Sales Charts   Latest News  The Lowdown  Articles  
Legal Matters
  Dear Domey  Letters to Editor  Resources  Classified Ads  Archive  About Us

Hit Counter

Latest news of the domain name industry

 

Copyright 2012 DNJournal.com - an Internet Edge, Inc. company. 
No material may be copied from this site without expressed written consent.