SLIPKNOT has voluntarily dismissed its lawsuit against the owner of the Slipknot.com domain name.
The band had filed a patent infringement lawsuit over cybersquatting under the federal Anti-Cybersquatting Consumer Protection Act and trademark infringement, claiming that the domain name was registered in bad faith to profit from their name.
However, lawyers for the domain owner filed a motion to dismiss, stating that SLIPKNOT didn't serve the registrant within the required time frame.
The band has since dismissed its lawsuit without prejudice, allowing them to bring the case back in the future if needed.
SLIPKNOT's lawyer stated that the domain name was registered in an effort to profit off of the band's goodwill and trick unsuspecting visitors into clicking on web searches and other sponsored links.
The dismissal comes two months after SLIPKNOT completed a deal to sell its music catalog for approximately $120 million.
Since releasing its debut album in 1999, SLIPKNOT has captured a Grammy Award alongside 11 nominations, scored numerous platinum and gold album certifications worldwide, and logged billions of global streams and video views.