How to lose a $175,000 domain name in a UDRP

IT.com

domainking131

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Staff member
Company loses Halifax.com after trying to get Bank of Scotland to buy the domain name.

A company in the United Kingdom just lost a domain name it paid $175,000 for in a UDRP. It should be viewed as a lesson on what not to do with a domain name that has both a generic/geo value as well as that of a brand.

Diversity Network acquired Halifax.com in September 2015 for $175,000 and then proceeded to make a series of stupid attempts to get Bank of Scotland, which operates a financial services company called Halifax, to buy the domain name.

It then proceeded to create a site at Halifax.com titled “Halifax Financial Services Business Listings” with a message “We are Halifax.com the official financial services directory for the UK.”

As a result, Diversity Networks will lose the $175,000 domain name unless it files a lawsuit. That lawsuit against a major financial institution would cost even more money.
 

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