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- The private equity group focused on consumer packaged goods has dropped its lawsuit against the owner of bansk.com.
- Bansk Group was formed in 2019, while SiteTools has owned bansk.com since 2013 and has been monetizing it by forwarding to sites offering financial products due to it being a typo of banks.com.
- When Bansk Group attempted to buy the domain last year, SiteTools declined their offer, leading Bansk Group to threaten legal action.
- Bansk Group filed a lawsuit claiming that SiteTools was cybersquatting and targeting its brand, but has now voluntarily dismissed the case with prejudice.
Private Equity Group Drops Lawsuit Against Domain Owner of bansk.com
A private equity group focusing on consumer packaged goods has decided to drop its lawsuit against the owner of bansk.com. Bansk Group, formed in 2019, had preferred the domain name bansk.com but settled for BanskGroup.com when it was unavailable. SiteTools, the current owner of bansk.com since 2013, has been redirecting the domain to sites offering financial products due to it being a typo of banks.com. Bansk Group had attempted to purchase the domain, but SiteTools declined the offer. When Bansk Group threatened legal action, SiteTools filed a pre-emptive lawsuit, which was later dismissed. Bansk Group then filed its own lawsuit claiming cybersquatting and brand targeting, but has now voluntarily dismissed the case with prejudice.
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