Blogging, Free Speech, Wall Street

Will Our Big Sibling Get Sued?

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Our big sibling, the Wall Street tabloid DealBreaker.com, obtained and posted a promotional brochure for Solengo Capital, the new hedge fund being launched by former traders at the ill-fated Amaranth Advisors. Amaranth, you may recall, accomplished the impressive feat of losing $6 billion in a single week, before breathing its last.
Apparently the Solengo Capital folks weren’t thrilled about the free publicity. After DealBreaker didn’t comply with its request to take down the brochure, Solengo had its lawyers at Kobra Kai Kobre & Kim send out a mean letter. And that’s where things currently stand (no summons and complaint just yet).
Update: It looks like that lawsuit is on its way.
Anyway, if you have some free legal advice thoughts to offer on this matter, we welcome them in the comments.
P.S. As for why Solengo is so hot ‘n bothered over all this, here’s one theory.
Solengo Capital coverage (scroll down) [DealBreaker]
Ex-Amaranth traders ask blogs to remove materials [Reuters]

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