Feeds

Goldman Sachs seeks Goldman sucks site suit

Claims gripe blog confuses customers

Build a business case: developing custom apps

Goldman Sachs certainly has its share of troubles these days but it's not about give up the little things that make life sweet. For instance, hiring a major Wall Street law firm to take down a blogger who may sully its sterling reputation.

The Manhattan investment bank - which is struggling amidst a massive global recession, owes $10bn to the US government in bailout funds, and last fall was forced to become a bank holding company with Treasury oversight due to worries it would run out of cash - has hired Chadbourne & Parke to close down the anti-Goldman website goldmansachs666.com.

Mike Morgan is a registered investment adviser who just a few weeks ago opened the site to push Goldman gripes and selection of conspiracy theories with posts like "Does Goldman Sachs Control the U.S. Government?" and "If Goldman Sachs Robbed Your House? What Would You Do?"

The law firm recently sent Morgan a cease-and-desist letter warning him he'll face legal action if he doesn't shutter the operation.

The legal threat doesn't say the posturing is due to any specific postings on the site, however. The lawyers are claiming Goldman customers can't tell the difference between the goldmansach666 blog and the bank's actual operations.

"Your use of the mark Goldman Sachs violates several of Goldman Sachs' intellectual property rights, constitutes an act of trademark infringement, unfair competition and implies a relationship and misrepresents commercial activity and/or an affiliation between you and Goldman Sachs which does not exist and additionally creates confusion in the marketplace," the letter claims.

Morgan said he'll fight any legal action taken against him by Goldman Sachs and claims he's in the clear in part due to a lengthy disclaimer at the top of the blog reading:

This website has NOT been approved by Goldman Sachs, nor does this website have any affiliation with Goldman Sachs. This website was designed to provide information about Goldman Sachs direct from the public, and NOT from Goldman Sachs's marketing and public relations departments. You may find the Goldman Sachs website at www.goldmansachs.com

That's clue #1. There's also the constant anti-Goldman ranting throughout the site. And the mark of the beast in the URL. Always a good a tip-off (unless of course you're shopping for satanist supplies). The unfair competition claim is honestly a bit of a head scratcher as well, as the site doesn't sell anything.

But this isn't Goldman's first takedown based on a questionably close URL. Three years ago, the bank filed a complaint with the National Arbitration Forum claiming the website Goldmansex.com confused its clients. That particular website was a business billed as an "advertisement portal for adult entertainers," and therefore on far shakier ground legally. It went on the settle with Goldman and the URL is no more.

Either way the legal fight goes, it's good to see Goldman Sachs has its priorities in order. ®

Boost IT visibility and business value

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.