Paul Alan Levy, an attorney with the Public Citizen Litigation Group, told the Daily Finance that Goldman's claim against Morgan is not strong since courts have ruled that people have a right to use trademarked names that they don't own in Web domains if its non commercial. To prove this point, Bloomberg News columnist Matthew Lynn recently registered "Goldmansachsislovely.com"
which jokingly offered to sell for a six-figure sum.
"Ain't nobody going to type GoldmanSachs 666 to to get to Goldman Sachs' Web site," Levy said. "It just does not seem to me that they have have a tenable case."
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According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage". In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia
Friday, April 24, 2009
Editor's Note: The quotes below come from Paul Levy, probably the foremost authority on trademark use in domain names. He has argued several cases to the Supreme Court. Paul is with the group that Ralph Nader was instrumental in forming, Public Citizen. Since Goldman has yet to respond to our Complaint, and they have not made good on their threat, it looks like Goliath has slinked away to concentrate on looting pension funds and manipulating markets, politicians and our lives.