FRAGRANCE EXPRESS DOT COM, INC. v. STANDARD & POOR'S CORP.

No. 01 Civ. 358(GEL).

314 F.Supp.2d 189 (2003)

FRAGRANCE EXPRESS DOT COM, INC., f/k/a Growth Industries, Inc., Plaintiff, v. STANDARD & POOR'S CORP., Defendant.

United States District Court, S.D. New York.

August 22, 2003.


Attorney(s) appearing for the Case

Leo W. Desmond, West Palm Beach, FL, and Brian P. Murray, Rabin Murray & Frank, LLP, New York City, for Plaintiff.

Saul B. Shapiro, and Clare F. Saperstein, Patterson, Belknap, Webb & Tyler, LLP, New York City, and Barbara E. Schlain, the McGraw-Hill Companies, Inc. (of counsel), for Defendant.


OPINION AND ORDER

LYNCH, District Judge.

This case concerns the effect of the assignment of a duplicate CUSIP number to stock in plaintiff's company. A CUSIP number is a unique nine-digit number assigned to publicly-traded securities to identify securities for the clearing and settlement of trades. The defendant, which administers the CUSIP system, mistakenly assigned a pre-existing CUSIP number to plaintiff's securities, and plaintiff alleges that...

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