Company Sues Morningstar, Alleges Internet Espionage

A Massachusetts company that services the brokerage industry sued Morningstar Inc., accusing the big investment-research firm of using Internet espionage to copy information from a patent-protected system for handling mutual-fund prospectuses. The firm that brought the suit, closely held NewRiver Inc., has built a $30 million business with a service that allows brokerage houses to speedily send updated, electronic prospectuses to investors interested in buying mutual funds.

  • Read the article: The Wall Street Journal