The sculptor who created the “Fearless Girl” statue that promoted gender diversity on Wall Street has settled a lawsuit filed by the State Street unit that sought to prevent the replica from being sold.
Kristen Visbal and State Street Global Advisors signed a settlement agreement following mediation earlier this month, their attorneys said in a letter filed Saturday in federal court in Manhattan.
Terms were not disclosed. The settlement averted a trial that was scheduled to begin Monday.
State Street installed Fearless Girl in Manhattan’s Financial District in March 2017, just before International Women’s Day, across from the Charging Bull sculpture.
The statue is approximately 50 inches tall and depicts a young girl standing proudly with her hands on her hips.
The “charging bull” was established in 1989 as a symbol of strength following the stock market crash two years earlier. It has become a popular tourist spot.
State Street sued Visbal in February 2019, saying her replica undermined the company’s message that responsible companies support gender diversity and help women leaders improve company performance. insisted.
It also said unauthorized replicas would damage the company’s reputation and violate its copyright and trademarks.
“Fearless Girl” is currently outside the New York Stock Exchange.
“Both parties are proud of the dialogue and change that Fearless Girl has sparked over the past seven years,” State Street and Visbal said in a joint statement.
State Street Global Advisors has approximately $4.13 trillion in assets under management, according to its website.
The case is State Street Global Advisors Trust Co v Visbal, U.S. District Court, Southern District of New York, No. 19-01719.
