domain squatter demanding ransom — am I screwed?

I publish illustrative scenarios prepared by my practice. All participants and conversations are fictional. The fictional posts are not posts by real users, accounts of client experiences, or reports of actual results.
Illustrative scenario prepared by my practice.
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
Hypothetical question

I'm dealing with a situation and need some guidance.

domain squatter demanding ransom. I've been dealing with this for about 8 weeks now and the situation isn't improving.

What are my legal options here? Is it worth pursuing?

Illustrative response

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

Illustrative response

Trademark registration takes 8-12 months right now. If you need immediate protection, common law trademark rights exist from the date you first use the mark in commerce. Registration just gives you additional benefits.