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Published: Fri, April 14, 2017
Economy | By Melissa Porter

Wall Street's 'Bull' sculptor threatens to sue over 'Girl' statue

Wall Street's 'Bull' sculptor threatens to sue over 'Girl' statue

"Men who don't like women taking up space are exactly why we need the Fearless Girl", the mayor tweeted Wednesday. The statue of the girl facing the bull has clearly struck a chord, Baring-Gould said.

The Washington Post reported that Di Modica "doled out sharp criticism" of the statue and said it was not art but a "publicity stunt".

Interestingly, the bull itself was also placed on Wall Street in 1987 in the middle of the night without a permit, after that year's stock market crash. The illegally placed statue was initially removed by police, but public outcry in support caused it to be permanently installed nearby. Now, Di Modica says, "Fearless Girl"'s placement transforms the bull from a symbol of strength, into a villain menacing young women who want to break into business.

Personally, I'm not sure how "peaceful" a statue of a bull charging at you horns-first can be, but message aside, I feel for Di Modica.

Submit your Newswire tips here. A plaque once sat by her feet naming the company and one of its funds.

Alexis Evans is an Assistant Editor at Law Street and a Buckeye State native. "Our goal with Fearless Girl was to create a powerful symbol to stand as a reminder to corporations across the globe that having more women in leadership positions contributes to overall performance and strengthens our economy", spokeswoman Anne Mcnally said.

Siegel said he hopes the dispute can be resolved amicably but added, "We never dismiss the possibility of litigation".

Di Modica has always been zealous in protecting the rights to his taurine creation. In 2009 he sued publisher Random House, claiming that a picture of "Charging Bull" on the cover of a book about the collapse of Lehman Brothers infringed on his copyright of the artwork. The case was later settled in 2010, as shown by federal court records.

So far, he has not filed suit against State Street or New York City.

The letter also maintains that the sculpture was put there for commercial purposes. Di Modica may have been able to argue a violation of his copyright under VARA if he could convince a judge that the city modified his work or damaged its integrity in a way that harmed his reputation, which the city nearly certainly did.

The 3,200kg bull itself originally appeared as guerrilla art, installed unofficially in front of the New York Stock Exchange by Di Modica in 1989 and meant to convey the fighting spirit of the United States and of New York.

USA Today Di Modica as saying, "The bull represents strength, the strength of America, the strength of the market". "Instead of a physical modification, it's treating distortion more in a contextual way, and that could be a problem". Mayor Bill de Blasio extended its permit for nearly one year as a response to widespread requests to make it a permanent fixture.

But Di Modica's lawyers said the firm was using public property for free commercial advertising and questioned whether the city should have granted the permit.

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