Verisign and Coalition for ICANN Transparency, Inc. (“CFIT”) Resolve Litigation

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Verisign and Coalition for ICANN Transparency, Inc. (“CFIT”) Resolve Litigation

	By Verisign (Sponsored Post) A Global Provider of Critical Internet Infrastructure and Domain Name Registry Services
	May 11, 2011 Views: 18,036

Verisign, Inc., the trusted provider of Internet infrastructure services for the networked world, announced today that it has entered into a Settlement Agreement and Mutual Release with the Coalition for ICANN Transparency, Inc. (“CFIT”), CFIT’s members, and specified related parties that resolves the over five-year long CFIT litigation. Under the terms of the Agreement, no payment will be made and the parties immediately will file a dismissal with prejudice of all claims in the litigation. Further, the parties executed mutual releases from all claims now and in the future related to the litigation.

CFIT voluntarily agreed to dismiss its claims in their entirety with prejudice in view of recent developments in the case, including the Amended Opinion of the United States Court of Appeals for the Ninth Circuit, the subsequent orders of the United States District Court for the Northern District of California, San Jose Division dismissing the claims regarding .Net and for disgorgement, and Verisign’s motion for summary judgment.

By Verisign, A Global Provider of Critical Internet Infrastructure and Domain Name Registry Services — Verisign, a global provider of domain name registry services and internet infrastructure, enables internet navigation for many of the world’s most recognized domain names. Verisign enables the security, stability, and resiliency of key internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 global internet root servers, and providing registration services and authoritative resolution for the .com and .net top-level domains, which support the majority of global e-commerce. To learn more about what it means to be Powered by Verisign, please visit Verisign.com.
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