http://www.computerworld.com/s/article/9176441/Ipreo_sues_Goldman_Sachs_for_data_theft By Jaikumar Vijayan Computerworld May 7, 2010 Ipreo Holdings LLC, a New York-based provider of software and market intelligence services for investment banking and corporate clients, has filed a lawsuit against financial giant Goldman Sachs alleging copyright infringement and theft of trade secrets. The lawsuit, filed in U.S. District Court for the Southern District of New York on Thursday, charges several unidentified employees of Goldman Sachs with illegally accessing an Ipreo database and stealing data from it. The lawsuit seeks at least $1 million in compensatory damages and another $2 million in punitive damages from Goldman Sachs. A spokeswoman for Goldman said the claims were without merit but offered no other comment. Ipreo maintains a database called Bigdough, which it claims took years of effort and substantial investment to build. According to the company's description of Bigdough, the database is the most complete and accurate listing of "buy-side portfolio and asset managers, sell-side institutions, funds and 80,000 contacts in the financial industry." The company claims over 16,000 subscribers to the database. [...] _______________________________________________ Best Selling Security Books and More! Shop InfoSec News http://www.shopinfosecnews.org/Received on Sun May 09 2010 - 22:24:13 PDT
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