Legg MasonLegg Mason Supports Yahoo Directors; Won't Back IcahnAuthored by Mark Hefflinger on July 18, 2008 - 7:50am.
Online Social Network Creation Platform Ning Raises $44 MillionAuthored by Mark Hefflinger on July 10, 2007 - 8:17am.
Palo Alto, Calif. - Ning, a free platform that lets anyone create their own online social network, has raised $44 million in its first round of outside funding, led by Legg Mason, the company said on its blog. Court Upholds $20 Million Copyright Suit Against Legg MasonAuthored by Mark Hefflinger on February 17, 2004 - 8:51am.
Baltimore -- A federal district judge in Baltimore has upheld one of the highest copyright infringement verdicts in history, awarding nearly $20 million to Lowry's Reports Inc., the publisher of a newsletter covering stock market conditions. A jury last October found that Baltimore-based financial services firm Legg Mason infringed upon 240 copyrights by posting the newsletter on its intranet, making it available to its brokers nationwide. The award includes $18.9 million in statutory damages plus $825,000 for breach of contract. In its Feb.11 decision, the court rejected Legg Mason's claim that the damages were "grossly excessive," calling them "a deterrent."
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