OLD Media Moves

Don't look for SEC filings on Yahoo! or Nasdaq web sites

October 16, 2006

A dispute between Edgar Online Inc. and Vickers Stock Research Corp. has resulted in no updated SEC filings on the Yahoo! and Nasdaq web sites, according to a story in the Fairfield County Business Journal. Â

Alexander Soule wrote, “Edgar Online has sued Vickers Stock Research Corp. of Glen Cove, N.Y., claiming it is suffering “irreparable damageâ€? as a result of Vickers cutting the spigot. Edgar Online has asked a judge to issue a preliminary injunction resuming service.  Â

“Vickers, a subsidiary of Argus Research Group, compiles reports of corporate investor holdings from documents on file with the Securities and Exchange Commission, such as SEC forms 3, 4, 144 and 13D.  “Edgar Online obtains a real-time feed of SEC filings, then deposits the information in relational databases to support complex searches by its 20,000-plus customers, which are roughly split between two primary services. It charges $1,200 for an annual subscription to its mainstay ‘Edgar Online Pro’ service, and $220 for its trimmed-down consumer version.  Â

“Vickers alleges Edgar Online took Vickers’ information, combined it with information from other sources, and sold it to customers in violation of a master services agreement between the two companies. Vickers also claims it was not allowed access to Edgar Online facilities to remove software and destroy content, and is demanding damages.”  Â

Read more here. Edgar is a supplier to Yahoo! and Nasdaq.

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