Too big too fail, but not too small to notice a little blog. Investment giant Goldman Sachs has filed a cease and desist order against a website gripe blog for using the Goldman Sachs name on its site. Goldman Sachs which received billions in troubled asset bailout money months ago now claims it may be in a position to return the funds if the conditions are right. They also received money through the AIG bailout program.Intellectual property rights also must figure high in their proities.
The bank has instructed a Wall Street law firm to pursue blogger Mike Morgan, warning him in a recent cease-and-desist letter that he may face legal action if he does not close down his website.
Florida-based Mr. Morgan began a blog entitled "Facts about Goldman Sachs" – the web address for which is http://www.goldmansachs666.com/– just a few weeks ago. According to the complaint, dated April 8, the bank is rattled because the site "violates several of Goldman Sachs' intellectual property rights" and also "implies a relationship" with the bank itself.
Check out the website to judge for yourself if it could be confused with a Goldman Sachs endeavor. Here from the blog itself … I have started the website to reveal the extent of Goldman Sachs’ part in the current financial crisis gripping the world.
"We always act to protect our firm," a Goldman spokesperson said in a statement sent to The Am Law Daily later in the day Tuesday. "This is not about Mr. Morgan's rights to express his views; it is about his infringement on our trademark.”
www.telegraph.com
www.amlawdaily.com
No comments:
Post a Comment