Standard & Poor’s, a division of McGraw Hill, has filed a lawsuit against Pascale Hall, the owner and operator of Standard & Pours Coffee & Stocks, a 3-year-old coffee shop and live music venue in South Dallas, Texas.
In the lawsuit:
the McGraw-Hill subsidiary demands that Pascale Hall, Standard & Pours’ owner, pay S&P three times the revenue their company lost due to confusion over the names and three times her company’s profits — all because her shop’s similar name has damaged S&P’s “impeccable” reputation for “accuracy, reliability and integrity.”
In a statement, Standard & Poor’s stated:
We appreciate Ms. Hall’s predicament, but we must make every effort to ensure that our valuable brand is not diluted or misused.
A spokesman declined to elaborate on the release, which repeated the claim that Hall has profited from the Standard & Poors name.
While I can appreciate S&P’s position in this matter, I think the claim that S&P three lost revenue due to confusion over the names is somewhat laughable.