GigaOM
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


FT Sues Blackstone For Sharing Premium Account Info With Multiple Employees

  • Comments Comments (View)
  • Text Size: A A

Back in 2005, financial-services firm Legg Mason paid $19.7 million to newsletter publisher financial Lowry’s Reports stemming from claims of illegal distribution of the latter’s newsletters. The Financial Times Group is now hoping for the same, this time suing a controversial biggie: Steve Schwarzman-owned Blackstone Group, alleging that employees in the PE group’s London office had passed around the online premium account info to avoid paying for multiple accounts, reports WSJ’s Digits blog. Those London employee was accessing thousands of articles a day, going as far back as 2002, the suit alleges.

SEE ALSO: Legg Mason to Pay $20 Million For Illegal Distribution of Newsletter

Blackstone did try to settle with FT, but Blackstone began settlement negotiations with the FT, and prior to any result, the Pearson-owned company decided to sue, the story says. The full lawsuit is posted here, and no word in it on how much damages FT is seeking from Blackstone.

Feb 2, 2009 10:25 AM ET

Posted In: Legal, Companies, Pearson, Financial Times, FT.com, Countries, Europe

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

Barnes & Noble (Paid) Barnes & Noble (Paid)
1. The Hunger Games (Hunger Games Series…
2. The Vow
3. Practical Magic
4. Catching Fire (Hunger Games Series…
5. The Double Comfort Safari Club (No.…
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff