Yes, if you are a registered business, a trademark holder, or an owner of intellectual property, in the US under the Anti-Cybersquatting Piracy Act, you may bring the registrant for a website into litigation to have the domain name transferred to you.
Two such cases I know of:
A person registered sportys.com back in the day with the intent to hold it in ransom for a good price from Sporty's Pilot Shop. Sporty's sued for transfer of the registration as they had delayed creating a web presence due to the appropriation of their name.
The electronics supply website sparkfun.com faced getting a nasty note from Oracle Corporation requesting they surrender their domain name because it infringed upon Oracle/Sun Sparc registered trademark. Negotiations ensued and SparkFun now holds their domain name as licensed property from Oracle Corporation.
From personal experience, a company I know appropriated one such domain name (a full url spelling of their company name) used for fraudulent purposes and the surrender was quick and painless.