Million dollar domain LH.com stolen by LufthansaCartack (628620) writes "Domain names are valuable property. The recent sale of pizza.com for 2+ million is evidence of that. Short domains expecially 2 character domains, are also extremely valuable, and command prices of several hundred thousand to several million dollars.
Lufthansa tried to buy LH.com for $1,000,000 and was unsuccessful. Now they have acquired the domain in an underhanded manner by arguing that they own the rights to "LH", and that lh.com is infringing on thier trademark.
If thats the case, then several thousand other businesses and individuals have the same rights to "Lh". This decision is precedent setting, and i suspect we will see many big pocketed businesses going after individuals who own valuable generic domains.
http://okok.com/?p=30 "A scandalous decision has once again been reached by the so called wipo arbitration panel. The disputed name is LH.com The name is currently still owned by 'elequa'. Well known in the domain industry and owns a vast portfolio of short acronym domains. Including 'i.net' ! A gem dating back to 1995. It is Lufthansa who have effectively hijacked this name now. Reverse hijacking (or daylight robbery) is on the increase as firms desperate to own a unique short web address try and take via court action from legitimate owners. Let's make no mistake, cyber-squatting is when people register something like BurgerKing.com and feed off someone's trademark. Or register typos. A pure generic acronym like LH is common to many firms across the world. There have been rumours circulating that wipo are not entirely 'clean' themselves and we have read many rumours recently of shenanigans going on with biased panels. I think we can clearly see this again with this ruling . Simply beyond belief and i for one believe the panelists have been influenced. Thank God these idiots, named and shamed below, are only taking decisions based on property, imagine if there were fools like this deciding on peoples freedom? Unfortunately there are.""