EURid, the organization that administers the .eu top-level domain, has suspended 74,000 domain names after launching a lawsuit against 400 American registrars for "breach of contract". The domains in question were all registered for three UK-based limited companies, Ovidio Ltd, Fausto Ltd and Gabino Ltd. Between them the three companies registered 74,000 names.
According to EURid, the three companies are a front for a "syndicate" of 400 US-based registrars, who stand accused of "warehousing" the domain names registering them speculatively for resale, rather than following a client's request.
Read full story: ZDNet
Related topics: DNS, Domain Names, Top-Level Domains
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Fantastic news. Hope to see more such busts of squatters ..