Domain Investor Nat Cohen’s company Telepathy, Inc, has been hit with a UDRP on the domain name Boon.com which according to DomainTools.com it has owned since at least 2001.
The UDRP was filed by Wirecard AG, a “global financial services and technology company headquartered in Aschheim, Munich, Germany.
Its internet payment service competes with PayPal and Western Union.
Wirecard AG is listed on the Frankfurt Securities Exchange WDI and ranks among the 30 largest German technology companies below the DAX.”
The company announced a “boom” product in March of 2015
“”Wirecard AG is redefining smartphone payments: Wirecard will showcase an HCE app for mobile payment at the Mobile World Congress in Barcelona, Spain. The application is based on the new Wirecard payment brand, boon, which will be launched on the market in summer 2015.””
So basically the company which just announced the its new Boom product last month 14 years after Telepathy registered the domain.
The Boom product won’t even launch until this summer.
The company had €481.74 million in revenue in 2013 and you can see the stock chart here.
It looks like an attempted theft of a domain name by a company who could well afford to buy the domain
We look forward to a finding of Reverse Domain Name Hijacking.
