After years of battling his way through the courts, Gary Kremen has finally come to the end of the road in the sex.com case. He has announce that he has reached a settlement with VeriSign (estimated to be in the region of $15m). The settlement comes roughly nine months after the 9th U.S. Circuit Court of Appeals ruled that domains could be classed as real property.Kremen, who first registered the Sex.com name in 1994, had subsequnently had the domain stolen by Stephen Cohen, who sent a fraudulent letter to Network solutions (now Verisign) asking for the domain to be transfered to him. In the first case against Cohen, the courts awarded Kremen $65m (although the disappearance of Cohen and the moving of all his assets offshore made that little more than a token gesture). It was only when the courts found Verisign was liable for transferring ownership without proper authorization that things really hotted up, and a precedent was set. Congratulations Gary.
“I’m ecstatic that we have reached a settlement, so we can put the case behind us and find peace in knowing that the Ninth Circuit’s opinion in the Sex.com case will have an influential role in holding Internet registrars responsible for mishandling their customers’ domain name properties,” Kremen said in a statement