Lawsuit of the Day

Lawsuit of the Day: Financial Times v. Blackstone Group

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How hard up is the Blackstone Group? According to Cityfile, they have been reduced to stealing news:

[The Financial Times] filed a lawsuit against Steve Schwarzman’s Blackstone Group on Wednesday for sharing an FT username and password instead of setting up separate accounts for its employees.

Look, I know that the financial industry is kind of tanking right now, but dear God it’s not like publishers are rolling in it.

I’m also pretty sure that the Financial Times would have given Blackstone a good group rate if they had just asked.

Apparently, this problem with Blackstone has been going on since long before the financial crisis:

Officials at the FT became a bit suspicious when they realized a very industrious Blackstone employee was accessing thousands of articles a day; a subsequent investigation turned up evidence Blackstone had been engaged in the fraud since as far back as 2002.

Have you ever stolen a newspaper that is sitting outside a neighbor’s apartment door? Every time you do that an angel kills a child in an orgy of blood. Don’t do that anymore.

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Schwarzman: Too Cheap to Pay for a FT Subscription! [Cityfile]

Crab-Hands Going Down [Dealbreaker]

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