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SallySyracuse2003 · 04-21-2004, 10:24 PM

Sex.com, VeriSign, Settle Legal Battle

Sex.com and VeriSign Inc. have agreed to settle their six-year legal battle over claims that the Internet address keeper wrongly transferred the lucrative Sex.com domain name to a convicted forger. Terms of the settlement, finalized earlier this week, weren't disclosed. Brian O'Shaughnessy, spokesman for Mountain View-based VeriSign, refused comment Wednesday. Owner of San Francisco-based Sex.com Gary Kremen said he was relieved to move on with his life. "It's hard for a little guy to win in court, but a settlement is definitely better than a sharp stick in the eye," he said. The case dates back to 1998 when Mr. Kremen sued Network Solutions Inc. -- which VeriSign acquired in 2000 -- and Stephen Michael Cohen, who made millions after hijacking the rights to Sex.com with a fake letter saying Mr. Kremen had been fired and no longer wanted the domain name. Mr. Kremen won a $65 million judgment against Mr. Cohen in 2001 and last year won an appellate court ruling to continue pursuing his case against VeriSign. Mr. Cohen fled shortly after losing to Mr. Kremen in court, and Mr. Kremen has been unable to recoup his damages beyond getting Mr. Cohen's San Diego-area home.

--Associated Press

04-21-2004, 10:24 PM
SallySyracuse2003 Registered User Join Date: Nov 2003 Posts: 39	choker NOT in todays Wall Street Journal! Sex.com, VeriSign, Settle Legal Battle Sex.com and VeriSign Inc. have agreed to settle their six-year legal battle over claims that the Internet address keeper wrongly transferred the lucrative Sex.com domain name to a convicted forger. Terms of the settlement, finalized earlier this week, weren't disclosed. Brian O'Shaughnessy, spokesman for Mountain View-based VeriSign, refused comment Wednesday. Owner of San Francisco-based Sex.com Gary Kremen said he was relieved to move on with his life. "It's hard for a little guy to win in court, but a settlement is definitely better than a sharp stick in the eye," he said. The case dates back to 1998 when Mr. Kremen sued Network Solutions Inc. -- which VeriSign acquired in 2000 -- and Stephen Michael Cohen, who made millions after hijacking the rights to Sex.com with a fake letter saying Mr. Kremen had been fired and no longer wanted the domain name. Mr. Kremen won a $65 million judgment against Mr. Cohen in 2001 and last year won an appellate court ruling to continue pursuing his case against VeriSign. Mr. Cohen fled shortly after losing to Mr. Kremen in court, and Mr. Kremen has been unable to recoup his damages beyond getting Mr. Cohen's San Diego-area home. --Associated Press