22 July 2018
Visit www.avoka.com

Ipreo sues Goldman for data theft and copyright infringement

07 May 2010  |  7414 views  |  0 Statue of Liberty

Ipreo Holdings, the operator of the bigdough institutional investor database, has filed suit against Goldman Sachs accusing the bank of copyright infringement and data theft.

The Ipreo suit, filed in the US District Court in New York, accuses at least two unidentified Goldman employees of 264 incidents of unauthorised access to the computer database in 2008 and 2009. The firm claims that the Goldman staffers used Ipreo passwords without authorisation to steal confidential data from the site, which claims some 16,000 subscribers.

The complaint alleges: "This unauthorised access was done by defendants with the intention to steal, copy, use and/or solicit contacts and coverage information taken from the database and to use such information in furtherance of Goldman's business interests."

The firm is claiming damages of up to $3 million.

Goldman has dismissed the claim as being "without merit" and says it will contest the case.

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

Former Goldman programmer indicted over HFT code theft

Former Goldman programmer indicted over HFT code theft

12 February 2010  |  8261 views  |  0 comments
Goldman Sachs embroiled in Robin Hood tax vote rigging claim

Goldman Sachs embroiled in Robin Hood tax vote rigging claim

12 February 2010  |  6491 views  |  0 comments
i-Deal and Hemscott merge to form Ipreo; acquires Marketpipe

i-Deal and Hemscott merge to form Ipreo; acquires Marketpipe

18 December 2006  |  7214 views  |  0 comments

Related company news

 

Related company information

Goldman Sachs

Related blogs

Create a blog about this story (membership required)
Visit https://secure.vasco.comVisit http://go.jumio.com/finextraAdVisit iliad-solutions.com/

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
13564 views comments | 6 tweets | 8 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
11236 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
10108 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
7441 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
7256 views comments | 2 tweets | 7 linkedin

Featured job

Find your next job