Forbes Magazine Wins $300,000 From Russian Cybersquatter
Forbes Magazine has won a cybersquatting judgement against the holder of the forbes.ru domain name, with the Moscow court giving the magazine the domain name and $300,000 in damages.
According to The Moscow Times, Forbes and its Russian publisher, Axel Springer Russia, sued Landmark VIP Services who advertise travel packages on Forbes.ru. Landmark was sued for the unauthorised use of the magazine’s trademark in its web address. The travel site is still online at the time of writing this article.
The Moscow Arbitration Court awarded Forbes $300,000 in damages, the largest compensation payout to date in a Russian case of this kind reports The Moscow Times, who note that there are often nominal sums awarded in such cases and that this decision could mark a departure from this.
To read the article in The Moscow Times in full, see:
www.themoscowtimes.com/business/article/forbes-gets-300000-from-cybersquatter/397561.html
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