Item 1. Legal Proceedings
ITEM 1. LEGAL PROCEEDINGS
As previously disclosed, Afilias Domains No. 3 Limited (now called Altanovo Domains Limited), a competitor and losing bidder in the . web auction, filed another Independent Review Process (“IRP”) against ICANN pursuant to ICANN’s bylaws, on July 14, 2023. In April 2026, post-hearing briefing was completed.
We are also involved in various investigations, claims and lawsuits arising in the normal conduct of our business, none of which, in our opinion, will have a material adverse effect on our financial condition, results of operations, or cash flows. We cannot assure you that we will prevail in any litigation. Regardless of the outcome, any litigation may require us to incur significant litigation expense and may result in significant diversion of management attention.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.