UK Gay Website Triumphs in ?Cyber Squatting? Case - UK Gay News (press release)

[Acorn Newsbot]

UK Gay Website Triumphs in ?Cyber Squatting? Case
UK Gay News (press release),*UK*- 1 hour ago
"Please be advised that from time to time, Internet REIT Inc acquires domain names through portfolio acquisitions,? the ?squatter said. ...

Link To Original Article

 

[woopwoop]

Quite odd really:

“We were originally being asked for £30,000 to purchase the fitlads.com domain name from them. However, we initiated our purchase through official channels, and the escrow agent we used for security purposes quickly established that the squatter appeared to have no proof that they actually owned the domain name they were trying to re-sell us.

Seems like there's a lot missing from this story. They 'couldn't prove they owned it' but they were escrow service still transfered the name to another party, after someone (that they didn't think owned it) initiated the transfer.

I think the article confuses the definition between 'owned' and 'had rights to'

Plus it seems like the person who ended up with the name was willing to pay and was half way through the escrow process - definitely more to this story.