Hedge Fund Investor and Forex.com Owner Wins Domain Name Dispute

February 22nd, 2011 by admin | Posted in domain names |

Man behind Forex.com and ForeignExchange.com successfully defends domain name challenge.

Its not often that you see two heavyweights battling it out in a UDRP proceeding.

But a recently decided case for ScoutInvestments.com involved a $1.65 billion financial services firm against a successful investor and entrepreneur.

UMB Financial Corporation of Kansas City has a number of trademark registrations for Scout related to investment services. It brought the case against Mark Galant, a recognized name in the hedge fun industry. Galant also created the Galant Center for Entrepreneurship at the University of Virginia.

Galant knows a thing or two about domain names. He founded GAIN Capital Group, which paid $250,000 for ForeignExchange.com and $100,000 for Forex.com and then built them into successful companies.

Galant claimed he registered ScoutInvestments.com as part of a portfolio of domain names that he might use for a future hedge fund or other financial company. The panel decided it could not find that the domain was registered in bad faith under the narrow rules of UDRP.

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Tags: forex.com, mark galant, umb financial corporation

Article source: http://domainnamewire.com/2011/02/22/hedge-fund-investor-and-forex-com-owner-wins-domain-name-dispute/

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