Published: Thu, April 13, 2017
Markets | By Erika Turner

'Fearless Girl' statue may lead to legal action from 'Charging Bull' sculptor

'Fearless Girl' statue may lead to legal action from 'Charging Bull' sculptor

People stop to photograph the "Fearless Girl" statue in NY, made by Lewes artist, Kristen Visbal.

The sculptor had installed the massive bronze beast in front of the New York Stock Exchange after the 1987 stock market crash in the middle of the night without a permit.

"The girl is standing there like this in front the bull, saying, 'Now, what are you going to do?'" the artist said at a press conference, holding his hands on his hips like "Fearless Girl".

Authorities initially removed the unauthorized work but later reinstalled it following public clamor for it to remain in the financial district.

On March 7, the eve of International Women's Day, artist Kristen Visbal was commissioned by Wall Street giants State Street Global Advisers and McCann Advertising to create the 4-foot "Fearless Girl" statue.

"The statue of the young girl becomes the "Fearless Girl" only because of the Charging Bull: the work is incomplete without Mr. Di Modica's Charging Bull, and as such it constitutes a derivative work of the Chargin Bull", the sculptor's legal team wrote in a letter to Mayor Bill de Blasio on Tuesday.

Di Modica whispered, barely able to finish his sentence and touching his chest.

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This overt reference to State Street's SHE Index could contribute to Di Modica insistence that "Fearless Girl" is nothing more than marketing trickery orchestrated by the firm's NY advertising partner, McCann.

Aside from potentially violating the trademark and copyright Di Modica owns on "Charging Bull" - State Street has shown the bull and "Fearless Girl" together on marketing materials - his lawyers say the new bronze also violates commercial laws.

Arturo Di Modica holds a model of his Charging Bull sculpture during a news conference Wednesday, April 12, 2017, in NY. "It just needs to be placed in another place", said Siegel.

For at least one person, though, the Girl has offered less than welcome company.

Artist Arturo Di Modica is afraid the Fearless Girl is bad for his image.

He put a finer point on the matter in a March interview with the New York Post and MarketWatch: "That is not a symbol!"

A lawsuit has not yet been filed, added Siegel, who has yet to provide further details. "But the world changes and we are now running with this bull".

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