Verizon has been awarded $33.15 million against OnlineNIC in a cyber-squatting suit. However, no one from OnlineNIC appeared in court, and none has been identified at the San Francisco based company. It is unlikely Verizon will receive the money. OnlineNIC has essentially made a business by registering domain hundreds of Verizon domain names such as itunesverizon.com, among hundreds of other domains, and has simply profited from advertisements.  Verizon said in the filing OnlineNIC made “bad-faith registrations of Verizon-related domain names…to attract web users who were seeking to access Verizon’s legitimate websites.” Other companies have also previously filed suits against OnlineNIC including Microsoft and Yahoo.