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CCH Takes Action To Stop Bar Association From Using, Selling Data Lifted From CCHs Electronic Library
Legal Information Provider Says Attorney Group Gained Unauthorized
to its Library via NASD Portal, Violated Numerous Federal Laws
(RIVERWOODS, ILL., November 29, 2001) CCH INCORPORATED (CCH), a leading
provider of legal information, software and services, today filed a counterclaim in
federal court against the Public Investors Arbitration Bar Association (PIABA) to prevent
the association from using the proprietary and copyrighted electronic information SAC-CCH
Awards Library. CCH is seeking damages and injunctive relief against PIABA, which the
company says appropriated the material through the National Association of Securities
Dealers (NASD) Internet portal and plans to sell the information to PIABA members. The
Securities Arbitration Commentator, Inc. (SAC), Maplewood, NJ, which created the original
content from which CCH developed its proprietary electronic library, joined CCH in filing
The counterclaim includes numerous counts against PIABA, including unauthorized access
to proprietary computer systems, copyright infringement and unauthorized taking of data.
CCH recently discovered that PIABA had systematically extracted from the NASD portal
and duplicated for its own commercial use the SAC-CCH Awards Library, an electronic
collection of more than 26,000 arbitration award documents and other information
representing over 12 years of work by SAC. The Library, licensed by the NASD from
CCH and SAC, is now available to NASD members and the public through NASD for free.
"PIABAs actions demonstrate a complete disregard for the law and its own
charter to protect and assist public investors and support its membership in doing
so," said Peter Berkery, associate publisher, CCH Business and Finance Group.
"They have taken intellectual property developed, enhanced and maintained for more
than a decade by SAC and CCH and licensed by the NASD. They seem to believe that selling
the lifted materials back to their own members, who can pass the cost on to their clients,
is for the good of those public investors."
CCH became aware of PIABAs actions and resale intentions in October. Acting in
good faith, CCH attempted to discuss the issue with PIABA and negotiate a fair and
reasonable resolution. PIABA responded by filing a complaint seeking a declaratory
judgment in the U.S. District Court of New Jersey.
About CCH INCORPORATED
CCH is a leading provider of tax and securities law information to attorneys,
companies, courts, associations, accountants and consumers. For more than 85 years, the
company has tracked, reported, explained and analyzed federal securities, financial
services and Blue Sky laws that protect investors and ensure securities professionals are
in compliance with the law. Subscribers to the companys information research
products have long trusted the company to provide them with organized, accurate and
authoritative explanatory information and current and archived public information and
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