Verisign .com Domain Name Registry Consumer Class Action

Hagens Berman has filed a class-action lawsuit against Verisign Inc. and ICANN, alleging they maintain an illegal monopoly over .com domain names by charging inflated prices that have risen over 30% since 2021 despite declining operational costs. The lawsuit claims Verisign's prices roughly double comparable international registries, generating operating margins exceeding 67% while returning $1 billion to shareholders annually from what attorneys characterize as fees extracted from captive consumers with no alternative options.