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S&P Sues over Viper Product

Alleges breach of contract, trademark infringement and unfair competition

By John M. Baker, Esq.

The McGraw-Hill Companies, on behalf of its Standard & Poor’s unit, filed a lawsuit on June 8, 2000 in federal court charging Vanguard Index Trust and The Vanguard Group with breach of contract, trademark infringement and unfair competition in connection with their proposed “Vipers” exchange-traded fund products.

Vanguard issued a statement calling the suit baseless and without merit. The McGraw-Hill press release is available at http://biz.yahoo.com/bw/000608/ny_mcgraw_.html

An Associated Press story on the suit is available at http://dailynews.yahoo.com/h/ap/20000608/tc/vanguard_lawsuit_1.html

Copyright 2000, John M. Baker, Esq., Stradley, Ronon, Stevens & Young, LLP, 1220 19th Street, N.W., Suite 700, Washington, DC 20036 – (202) 822-9611- Fax (202) 822-0140 This article was originally posted to the FundLaw List, http://www.egroups.com/group/fundlaw. To subscribe to FundLaw, send a blank e-mail to fundlaw-subscribe@egroups.com

Nothing herein is intended as legal or financial advice. The law is different in different jurisdictions, and the facts of a particular matter can change the application of the law. Please consult an attorney or your financial advisor before acting upon the information contained in this article.  

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