I know of a pharmaceutical company in Florida that has been fighting with a guy in Canada to get their registered trade marked name in .com for about 5 years.
If you bought that name with the intention of using it, then I dont think that it is cybersquating. I think that is only when you grab a name with the intention of sitting on it for the biggest offer,or do nothing with it.
I would talk to a lawyer before I gave it to them.
