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XYZ Wins Big Against VerisignXYZ, the registry operator of .xyz, swept the board in the opinion issued by United States District Judge Claude M. Hilton. In the lawsuit brought against XYZ by Verisign, which operates .com, the court found that XYZ won on every legal argument. Not only was it determined that XYZ was completely accurate in its statements regarding its own revenue, registration numbers, and marketing budget, but the judge also noted that the Plaintiff's own data proved some of XYZ's claims regarding the lack of good .com availability: "Further, according to Plaintiff's own data, <.com> names are largely unavailable. In a given month, Plaintiff reports that it receives about two (2) billion requests to register <.com> domain names, yet fewer than three (3) million are actually registered. Most of the requests fail because the requested <.com> name is unavailable. Three (3) million out of two (2) billion is less than one percent (1%); thus, more than ninety-nine percent (99%) of <.com> names are unavailable." - District Judge Claude M. Hilton The judge concluded that XYZ's statements were accurate and Verisign had failed to provide substantial evidence for every element of the false advertising claim. XYZ believes that Verisign filed this lawsuit as part of a coordinated anti-competitive scheme to stunt competition and innovation in order to maintain its unfair competitive advantage in the industry. As evidence of this, Verisign also filed a suit alleging that XYZ conspired with its backend registry, CentralNic, to harm Verisign's business. A judge this week threw out this claim because Verisign did not state any specific facts to support its allegations. Daniel Negari, CEO of XYZ, commented, "In what has become an ongoing David vs. Goliath battle, we are proud to take up the fight on behalf of the industry. XYZ stands for every innovative startup and small business out there who refuses to be slowed down by established companies." The full text of the Court's Summary can be found at www.gen.xyz. About XYZ XYZ is the registry operator of .xyz, .College, .Rent, .Security, .Protection, and .Theatre. XYZ's mission is to provide competition and choice for the next generation of internet users. Learn more about XYZ in recent featured press such as CNBC, Wired, Reuters TV, or at www.gen.xyz. View source version on businesswire.com: http://www.businesswire.com/news/home/20151124005373/en/ |
