BlackRock has filed a patent infringement lawsuit against more than 30 domain names for cybersquatting under the Federal Anti-Cybersquatting Consumer Protection Act and trademark infringement.
BlackRock states that its "invaluable rights in the distinctive BLACKROCK mark have been deliberately infringed through the bad faith registration, use, and/or trafficking of the Defendant Domain Names," which are "confusingly similar" to the BlackRock trademark.
According to the lawsuit, filed Tuesday in the U.S. District Court for the Eastern District of Virginia, recent studies have shown that more than 95% of the 500 most popular sites on the internet are the subject of "typosquatting."
Typosquatting involves the "registration or use of a domain name that represents a typographical error of the legitimate site—and which is typically used to display advertisements related to the legitimate site, to distribute computer viruses or 'malware,' to collect visitors' personal information for inappropriate or illegal uses, or to send 'business impersonation' emails."
Typosquatting, the suit states, "harms consumers by causing confusion with the legitimate sites being sought by the consumers and very often results in consumers' computers being infected with computer viruses, 'bloatware' or other unwanted software, consumer's personal information being collected and misused, and/or consumers being presented with an endless stream of unwanted advertisements."
