Complaint Denied: First-ever $1 million domain WallStreet.com not handed over

Well for one the domain name in question is Wallstreet.com and the company filing the trademark complaint is Wall-street LLC. They own the domain name Wall-street.com so what's the problem? Problem is they're greedy.

Reverse domain hijackers should be punished with HUGE fines or prison time for trying to abuse the system.

Problem is they're greedy.

Click to expand...

Problem is they're trying to establish wallstreet.com as their mark...

Wall-street.com LLC filed for 5 different trademarks on Wallstreet.com in May (with a claim for first date use in commerce of 1/2012) - categories of news, electronic games, promoting the goods and services of others (links), financial advice, materials ...

No details about the decision, but it looks at first glance like a pricey reverse hijack gamble. Get tm's on the other spelling and try to wrestle the domain away. Wall-street.com claims to have been in business since 1983 and online since 1993, but to use the non-hyphenated mark in January 2012, file for tm's and go after the domain a couple months later?

Either way nothing to stop them making future claims against this domain as all they have lost so far is legal fees and they clearly have deep pockets.

I looked at the data from their tm filings again ...

ONE was filed back in January. That one has passed all the red tape and is scheduled to be published on 10/16. The usage speciman they submitted looks like a web site, but that's not what their site looks like now so it must be something else. They're using it as their G+ handle.

The other tm's (for additional G&S classes) were filed in May and June and are still being processed.

Even though they won, the owner of wallstreet.com is in an unpleasant situation. There's just a registrar's page now. If they try to put the domain to use now to earn back what they paid for it, they will technically be squatting unless they can dance around with different G&S (which W-S is doing their best to lock up.) So they've got a lot of money invested in a name they can't (easily) use.

If they were running a business / site on the domain back in January, they may have had grounds to contest the original tm filing. (Looks like it was parked.)

W-S may have lost the UDRP, but this is far from over.