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OnlineNIC to pay $33.15 million in damages to Verizon

Verizon has been awarded $33.15 million in damages by the Northern District of California federal court. Domain registrar OnlineNIC has to pay it due to cybersquatting 663 of it’s domain names. The domain names were either identical or similar compared to Verizon’s trademarks. OnlineNic also has to pay for Verizon legal costs.

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