Lead Networks Domains, an Indian domain name registrar, has been handed to a California receiver after a cybersquatting lawsuit filed by Verizon.
ICANN said today that Bret Fausset has been appointed receiver for the Mumbai-based company, which had about 130,000 domains under management when Verizon sued it.
Verizon sued Lead in January 2008, claiming the registrar’s customers had registered 238 misspellings of Verizon trademarks.
The company further claimed that Lead ignored UDRP rulings that went against it and supplied UDRP avoidance services to its users.
ICANN yanked Lead’s accreditation last July. Fausett said he will now transition any of its remaining domain names to a new registrar.