Declines ReviewAppeals Court Declines Review of $65 Million Sex.com Domain VerdictAuthored by Mark Hefflinger on April 1, 2005 - 4:44am.
San Francisco -- The 9th U.S. Circuit Court of Appeals has rejected an appeal of a $65 million judgment against Stephen Cohen, who was ruled to have stolen the domain name Sex.com from its rightful owner and profited some $40 million over five years, USA Today reported. Gary Kremen bought the rights to Sex.com in 1994 from registrar Network Solutions, which then in 1995 turned the domain over to Cohen, after he claimed in a forged letter than Kremen approved of the exchange. Kremen sued, and in 2001 a court ruled in his favor and returned the domain, along with $65 million in damages. Following the ruling, Cohen fled the country and remains a fugitive. He has still not paid Kremen, who says he now makes about $8 million a year in ad revenue from Sex.com. Cohen told USA Today this week that he plans to appeal last week's ruling from the 9th Circuit to the Supreme Court.
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