A few years ago Microsoft forgot to re-new hotmail.com and a guy from Toronto scooped it up. I don't know the details of how Microsoft got it back though.
Quote from SwineFlu:
The rumor was they had to pay him to purchase it back but the amount was not disclosed.
Quote from KrispyKreme50:
There's a law that allows people/companies to confiscate domain names from others if the owner did not register the name in "good faith." Harvard was one of the first to use this law because someone registered their domain name and tried to sell it back to the university.
Quote from KrispyKreme50:
There's a law that allows people/companies to confiscate domain names from others if the owner did not register the name in "good faith." Harvard was one of the first to use this law because someone registered their domain name and tried to sell it back to the university.