Saturday November 21, 2009
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FT Sues Blackstone for Login Abuse

The Financial Times is taking a stand against The Blackstone Group.
A suit alleges the private-equity firm shared a user name and password to avoid paying for multiple accounts.

The Financial Times is taking a stand against The Blackstone Group. A suit alleges the private-equity firm shared a user name and password to avoid paying for multiple accounts, according to The Wall Street Journal.

The suit, filed in federal court in Manhattan says that a senior Blackstone employee distributed login information to other employees. That account accessed thousands of individual articles between February 2006 and June 2008. The suit describes the use as “massive” and “far more than an individual would normally access.”

Online subscriptions to the FT cost $179 to $299 a year.

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