Verizon and Internet REIT Settle Lawsuit

Verizon and Internet REIT have announced an amicable resolution of the lawsuit filed by several Verizon companies against Internet REIT claiming violations of the Anti-Cybersquatting Consumer Protection Act.The settlement between the parties includes a monetary payment to Verizon and the issuance of a permanent injunction prohibiting Internet REIT from registering, trafficking in, or using, as a registrant, any domain name that is identical or confusingly similar to the Verizon trademarks. According to the announcement for the settlement of the case, additional details regarding the resolution of the case are confidential.