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Wednesday, October 08, 2003

Distrifringement Verdict

Kevin Heller has news of the $20 million jury verdict in the Lowry's Reports, Inc. v. Legg Mason, Inc. case:

Redistributing a financial newsletter could cost Legg Mason approximately $20 million — $800,000 in contract damages and about $19 million in copyright damages. That's how much a federal jury in Baltimore decided the money manager should pay for buying a single subscript.

[MSN Money via today's brief]

More background in my August 11 and August 19 posts.

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