Custom Search

Thursday, January 28, 2010

Morgan Stanley looking to take legal action against Zero Hedge

Don't ruffle the feathers on Wall Street!

From Dealbreaker:

In a letter seen by Greenwich Time, Mitchell Bompey, executive director of legal and compliance for Morgan Stanley, writes “Morgan Stanley greatly appreciates your post by Dexter Morgan on Tuesday, January 26, 2010, exposing the plagiarism by Zero Hedge of recent Morgan Stanley research. We are reviewing that site now for possible legal action. Without your article, this abuse of our intellectual property may have gone unnoticed.”

A spokesperson for Morgan Stanley would not comment on the type of legal action the investment bank is thinking of taking against Zero Hedge. While we did hear a lengthy explanation from Zero Hedge that almost sidestepped the issues at hand, those connected with the Web site would not comment on the record, so unfortunately we can’t give you their side of the story. But we have no doubt they will publish one, on their own site, after this news comes out.

Anthony Davian, of The Davian Letter told the Greenwich Time, “We are very happy that The Davian Letter could bring this issue to light. Too many blogger get away with plagiarizing information and maybe this will help change things.”

Zero Hedge, about which New York Magazine published in an in-depth investigation in September, has taken the financial world by storm, shedding light on practices such as the abuse of high-frequency trading, which later caught the attention of Congress. The site’s loyal following, which some call the “tin-foil-hat-crowd,” has made it an online blogging success. Zero Hedge even teamed up with Halogen Network, an online ad-agency, which predicted it could earn $25,000 a month in advertising. However, many old media journalists and traders see the folk behind Zero Hedge as nothing more than opinionated, conspiracy-thinking Wall Streeters who are trying to influence the street for their own financial benefit.

You see, thanks to news reports, we now know that Zero Hedge founder Dan Ivandjiiski was banned from securities trading, but as for most of its other unidentifiable contributors, we have no idea who they are or what financial positions they hold.

As far what their alleged motive or agenda is in reprinting the economic views of Morgan Stanley as their own ideas, we will likely have to wait to read court documents to find out the why behind this story. We do at least know that Morgan Stanley is thankful The Davian Letter published its exposé.
 ---------------------
So that's the story. What has happened, that has gotten Wall Street in such a hissy fit is that ZH has used some charts in some of its stories without giving the credit to Morgan Stanley.

To wit, the chart in Morgan Stanley's research:

And ZH, using the same chart in a story.

So add a disclosure to the chart, and its a non story.

Maybe ZH learned from Obama!


 Or maybe they learned from "Pants on the Floor" Larry Platt!


Because this happened back in 1996!

17 comments :

Minko Chen said...

camisetas futbol baratas
cheap wedding dresses
michael kors canada
philadelphia eagles
true religion outlet
uggs outlet
rolex uk
louis vuitton outlet store
hermes outlet
nike free uk
true religion jeans outlet
wellensteyn outlet
cheap jordans
denver broncos
tommy hilfiger
woolrich outlet store
oakland raiders
ray ban outlet
ugg boots uk
pandora outlet
1106MINKO

xumeiqing said...

20161028meiqing
cheap jordans
coach outlet
abercrombie and fitch outlet
coach outlet
coach outlet
holliste sale
nike factory store
cheap uggs
coach outlet
canada goose jackets

chenmeinv0 said...

rolex watches
uggs outlet
adidas trainers uk
louis vuitton outlet online
adidas outlet
christian louboutin
kate spade outlet
ugg sale
canada goose sale
kate spade handbags
2016.11.10xukaimin

Unknown said...

new york jets jerseys
arizona cardinals jerseys
miami dolphins jerseys
san antonio spurs jerseys
dallas cowboys jersey
armani exchange outlet
oakley sunglasses
christian louboutin outlet
louis vuitton outlet
christian louboutin shoes

Unknown said...

michael kors outlet clearance
ralph lauren outlet
hollister clothing
tory burch outlet online
coach outlet canada
christian louboutin
tory burch outlet online store
moncler outlet online
lacoste pas cher
oakley sunglasses wholesale
chanyuan2017.01.22

chenmeinv0 said...

longchamp outlet
cheap jordan shoes
adidas nmd
michael kors outlet online
coach outlet store online
louboutin paris
puma shoes
calvin klein
birkenstock outlet
adidas originals zx flux
2017.5.3xukaimin

Gege Dai said...

kobe shoes
nike free running
coach outlet online
nike outlet store online
polo ralph lauren outlet
gucci outlet
air max 90
cheap jerseys wholesale
coach factory outlet
coach factory outlet
201705113ck

liyunyun liyunyun said...

gucci outlet
pandora outlet
jaguars jersey
polo ralph lauren
kate spade sale
ecco shoes
ralph lauren outlet
pandora charms
cleveland cavaliers jerseys
saints jerseys

Yaro Gabriel said...

www0511
polo outlet
air force 1
louboutin shoes
michael kors outlet
coach outlet
air max trainers
air jordan shoes
cheap jordans
ed hardy clothing
pandora jewelry

Stjsrty Xtjsrty said...

new england patriots jerseys
off white clothing
off white clothing brand
nike requin pas cher
ralph lauren uk
yeezy shoes
coach outlet
ray ban sunglasses
coach outlet
nike blazer pas cher
zzzzz2018.6.11

haiyan wu said...

longchamp longchamps
longchamp
moncler jackets
ferragamo belt
moncler outlet
ray ban store
basketball shoes
true religion jeans
fitflops sale
chrome hearts outlet

Pansys Silvaz said...

qzz0725
off white
lakers jerseys
coach outlet online
moncler outlet
football shirts
cheap mlb jerseys
bulls jerseys
nike shoes
gucci outlet
ferragamo outlet

洛噷 said...

2018920 leilei3915
moncler outlet
pandora rings
ray ban sunglasses outlet
michael kors outlet online
coach factory outlet
nike shoes for men
nfl jerseys wholesale
ralph lauren uk
canada goose
michael kors outlet online

5689 said...

true religion
ralph lauren polo
coach outlet
air max 90
moncler outlet
coach factory outlet
moncler outlet
adidas superstar
nike outlet
jordan uk
zzzzz2018.10.10

zzyytt said...

adidas stan smith uk
moncler sale
michael kors handbags
longchamp
kobe 9
chrome hearts outlet
fila shoes
yeezy
michael kors outlet
asics shoes

zzyytt said...

nike flyknit
lebron 10
yeezys
longchamp handbags
louboutin shoes uk
michael kors uk
ralph lauren uk
nike air max
hermes online shop
cheap nba jerseys

yanmaneee said...

yeezy 500
yeezy boost 350 v2
off white shoes
coach outlet
nike air max 97
hogan outlet
off white
air jordan
chrome hearts
nike shoes