Phone company Verizon (NYSE: VZ) sued Houston-based Internet REIT (iREIT) for trademark infringement. Journalist David Kesmodel wrote on his blog yesterday:

The suit, filed in iREIT’s hometown of Houston, accuses the closely held company of operating more than 90 domains that are typographical variations of its [Verizon's] trademarks, including verizonwirelessgames.com, virizonpcs.com, virizonwirles.com and verizonwirelessreabates.com.

(…)

The phone company is seeking an injunction barring iREIT’s use of the names, as well as damages of $100,000 per name under the Anticybersquatting Consumer Protection Act, which was enacted in 1999.

iREIT owns more than 400,000 domain names. Industry experts believe that the iREIT portfolio includes many trademark-infringing domains that iREIT bought together with other domains when they made large portfolio acquisitions.

Related posts:

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2. New iREIT Acquisitions
3. Viacom sues YouTube/Google Inc. over copyrights
4. The Bad Image of Domainers
5. Internet REIT Forms Strategic Partnership with DNForum