29 April 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Goldman slayed by blogger

16 July 2009  |  6962 views  |  0 Goldman Sachs logo web screen shot

Goldman Sachs has capitulated in its legal battle with fierce online critic, blogger Mike Morgan, over his use of the domain name goldmansachs666.com.

In April, lawyers for Goldman sent investment advisor Morgan a cease-and-desist letter, accusing him of violating intellectual property rights in relation to the domain name and demanding he stop using it.

The blogger hit back, filing a complaint in the US District Court for the Southern District of Florida asking it to declare he is the lawful owner of the domain and that it does not violate trade mark law.

Now, in a stipulation and voluntary dismissal, the bank has agreed to "refrain from any action that interferes with Morgan's use and registration of the Internet Sites" as long as he continues to display a disclaimer and the sites are not used for commercial purposes.

On his site, Morgan says: "True knuckheads that think they can bully anyone. Well . . . they bullied Bush, and they're bullying Obama and his Gang of Goofballs, but I hate the bad guys . . . and Mike Morgan never backs down."

Although he has won the right to continue with his blogging, Morgan is stepping back from the site in the wake of a heart attack and quadruple bypass surgery at the end of May. He is now offering to turn it over to a person or group interested in managing it.

On Tuesday Goldman again courted controversy, reporting a 65% rise in second quarter profits to $3.4 billion and earmarking $6.65 billion for pay and bonuses, meaning staff are set for an average compensation packet of over $770,000 this year.

KeywordsLEGAL

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

UBS files code theft lawsuit

UBS files code theft lawsuit

14 July 2009  |  9871 views  |  3 comments
Citadel sues ex-staff for contract breach; raises code-theft spectre

Citadel sues ex-staff for contract breach; raises code-theft spectre

10 July 2009  |  5993 views  |  0 comments
FBI nabs programmer accused of stealing trading code

FBI nabs programmer accused of stealing trading code

06 July 2009  |  11130 views  |  3 comments
Goldman in legal battle with hell-raising blogger

Goldman in legal battle with hell-raising blogger

15 April 2009  |  5213 views  |  0 comments
No sex at Goldman Sachs

No sex at Goldman Sachs

14 July 2006  |  9849 views  |  0 comments

Related company news

 

Related company information

Goldman Sachs
visit vasco.com/news/PSD2-compliant-solutionsvisit dh.comVisit capgemini.com

Top topics

Most viewed Most shared
Six global banks join Swift DLT trialsSix global banks join Swift DLT trials
7902 views comments | 16 tweets | 36 linkedin
BBVA steps up fintech acquisition strategy with purchase of OpenpayBBVA steps up fintech acquisition strategy...
7071 views comments | 17 tweets | 16 linkedin
JPMorgan formally quits R3JPMorgan formally quits R3
6535 views comments | 25 tweets | 14 linkedin
Should central banks open up payment and settlement systems to non-banks?Should central banks open up payment and s...
6208 views comments | 22 tweets | 21 linkedin
Token raises $15.7 million as PSD2 approachesToken raises $15.7 million as PSD2 approac...
5986 views comments | 20 tweets | 20 linkedin

Featured job

to 120K base, £300K ote, stock options
London, UK

Find your next job