Goldman Sachs, those big losers!

Originally posted 2009-07-17 00:01:51. Republished by Blog Post Promoter

Remember Mike Morgan, the flaky sort who dast challenge the mighty Men of Gold?   Now it’s over, like just another paid-back multi-billion dollar loan, and here’s how it all ends (via @walterolson):

Mike Morgan, a Florida-based investment adviser who started the controversial blog GoldmanSachs666.com, has prevailed in a case he brought against the investment bank in April.

Goldman . . . quietly agreed to several stipulations last month in order to dismiss the case. . . .

[H]e appears to have emerged victorious in the Goldman matter provided he maintains a prominently displayed disclaimer on his Web site disavowing any affiliation with the investment bank.In turn, Goldman agreed to refrain from interfering with Morgan’s use of GoldmanSachs666.com.  [Chadbourne & Parke IP practice co-chair John] Squires [(Goldman's former chief in-house IP counsel)] Squires and Chadbourne IP litigation counsel Peter Bucci represented Goldman in the litigation.

That’ll teach those Goldman guys.  They must feel just rotten.  See, look:

Squires declined an Am Law Daily request for comment.

Imagine.  Well, maybe back at Goldman they’re not feeling all that rotten.  Here’s what goes in the ellipses:

Goldman, which exceeded expectations by reporting $3.4 billion in second quarter profits this week, quietly agreed to several stipulations last month in order to dismiss the case.

As I was saying:  This just proves that even having literally all the money in the world doesn’t always win cases, see!

Yeah, that’s the ticket.

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Author:Ron Coleman

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