Friday, March 30, 2007

Annals of Legal Genius

I'd like to know the name of the genius who dreamed up what must surely be the dumbest lawsuit I've heard about in recent weeks... (no better make that recent days... no, recent minutes...)

Seems that the Dealbreaker blog is being slapped with a court order by the Solengo Capital hedge fund, to stop the blog from posting a marketing brochure.

Really a smart move for a "secretive" hedge fund group seeking to not draw attention to its marketing brochure. Naturally, the first thing I did when I heard about this was attempt to get the marketing brochure. It had been withdrawn. Drat. As soon as it is back up, I will of course link to it.

Meanwhile, here's a link to every story Dealbreaker has ever written about Solengo Capital.

There's an old movie line (from Detective Story, if you must know) in which the villain was told by Kirk Douglas he had a lawyer instead of a conscience. Solengo Capital has a lawyer instead of brains.

UPDATE: More on Solengo and a download link. To make the whole thing even more grotesque, Solengo hunted down Greg Newton's Naked Shorts blog and blackjacked him into removing a link to the brochure. Here's a Reuters story. Unbelievable -- as in unbelievably dumb.

P.S. Here is the infamous brochure.

© 2007 Gary Weiss. All rights reserved.


Wall Street Versus America was published by Penguin USA on April 6.
Click here for its listing and here for more information on the book, from my web site,

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