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

February 22, 2011Domaining, Domainnamewire, forex.com, mark galant, Policy & Law, umb financial corporationComments Off on Hedge Fund Investor and Forex.com Owner Wins Domain Name Dispute

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

It’s 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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