In an article for The American Lawyer, Brian Baxter reports that investment bank firm Goldman Sachs has cooled off on legal battles with Florida-based blogger Mike Morgan. The company quietly agreed to stipulations with Morgan last month.
Morgan agreed to a disclaimer on his page denying any affiliation with Goldman. In return, they will not interfere with his use of the name on the site.
A recent Rolling Stone article by Matt Taibbi has brought more attention to the controversial issues Morgan discusses on the website. In the article Taibbi calls the firm a "vampire squid wrapped around the face of humanity."
Goldman Sachs has responded by saying the article is full of conspiracy theories and, "We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance of being a force of good."
The firm recently reported $3.4 billion in second quarter profits, exceeding all expectations. |
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