In some cases yes. A trademark owner can bring a complaint under the Uniform Domain Name Dispute Resolution Policy (UDRP), which if successful, can result in canceling, suspending, or transferring a domain name.
A UDRP proceeding requires filing a complaint before an administrative tribunal. UDRP complaints are determined based on the following criteria:
i.) the domain name is identical or confusingly similar to a trademark or service mark in which the trademark owner has rights;
ii.) the domain name owner has no rights or legitimate interests in the domain;
iii.) the domain name was registered or is being used in bad faith.