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Pastimes : Investment Chat Board Lawsuits

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To: EL KABONG!!! who wrote (952)	4/28/2002 9:29:00 PM
From: dantecristo	Read Replies (1) of 12465

[NYSE]"Big Board Drops Trademark Suit By BLOOMBERG NEWS he New York Stock Exchange has dropped a trademark-infringement suit against a man who signed Internet messages about the stock market using the name of the exchange's chairman, Richard Grasso. Trial was scheduled to start yesterday in the lawsuit, which the exchange had filed against David Gahary, who posted messages on a Raging Bull message board signed with variations of Grasso's name, including "DickGrasso." Mr. Gahary said he used Grasso's name as a parody, and no longer does. "They've made a motion for voluntary dismissal, and I told the judge we'd accept it" Mr. Gahary's lawyer, Agnes McKeon, said. Mr. Gahary is also asking for legal fees and sanctions against the N.Y.S.E. for bringing a frivolous suit. A stock exchange spokesman, Ray Pellecchia, said the exchange had determined that the suit was "no longer worth pursuing; sometimes there are wrongs without remedies." The exchange had argued that the postings caused confusion about whether Mr. Grasso was the source of the messages. Mr. Gahary argued that "no one in their right mind" would believe Mr. Grasso posted such messages on the Internet. Copyright 2002 The New York Times Company \| Privacy Information" April 23, 2002 nytimes.com

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