March 10, 2009
-- Phoenix-based web entrepreneur Thomas McCarthy, who operates the financial blog http://www.CollegeStock.com, today announced the commencement of litigation against the International Monetary Fund for the unlawful use of the trademarked phrase 'Great Recession'.
McCarthy, who coined the phrase in late 2008 as evidenced by his domain name ClassTrip.org, is seeking $10,000,000 from the International Monetary Fund for the public use of his trademarked phrase 'Great Recession'. "I was clearly the first individual to coin [and trademark] the phrase 'Great Recession' and I intend to seek damages from the International Monetary Fund through the U.S. court system," added McCarthy.
In addition to a short clip highlighting 'The Great Recession'(TM)
within a video hosted at ClassTrip.org, the phrase in dispute is also publicly available on YouTube.
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