Domains already established as tangible property ...
... by US, CAN, EU and most international law. No one could sue to recover a *stolen* name (like Sex.com), nor would TradeMark law be enforcible if indeed there was no *owner* and domains were considered to be *intangible* items or by thier nature only leased or licensed
I've had as many as 120 names at Registerfly but I was one of the lucky ones that at worse, had a few expire for only a few days early this year ( pain because they were webdesign customers' websites ), and was able to transfer all to GoDaddy before the end of March
My most valuable name was in another account, which got suspended when my partner paid for names not recieved / registered and complained .. but the Administration and Technical contact info was still in my name, and I've just confirmed with GoDaddy that in 2-3 days I'll be getting an e-mail with info to confirm, and the domain will be in my GoDaddy account ..
My Registerfly account still shows about 50 names, all long since transfered to GoDaddy .. so I doubt the 900,000 domains amount .. wouldn't surprize me if 100,000 or less *really* remain at Registerfly
Good result of this, is that ICAAN Accredited Registrars are being audited and have some new rules, an independant company will be set up to escrow and preserve accurate domain ownership data, and Accredited Registrars will be needing to watch thier Reseller accounts closer.
This is all over a year late in coming, alot of people lost valuable names and websites, names expired and bought up by squatters, 1000s can never be recovered, and losses will be in Million$ that Registerfly and Kevin Medina don't have to sue for ... quite a wake up call for the whole domain name industry ...