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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