In 2017, State Street Global Advisors Trust Company (SSGA) commissioned the sculptor Kristin Visbal to create a statue to promote SSGA’s global campaign for greater gender diversity in corporate leadership (the SSGA Campaign). The statue, which became known as “Fearless Girl,” was unveiled on International Women’s Day in 2017. “Fearless Girl” was initially placed in Bowling Green in New York City across from the pre-existing “Charging Bull” statue created by the sculptor Arturo Di Modica. However, after Mr. Di Modica complained that the juxtaposition of “Fearless Girl” and “Charging Bull” distorted the message of his sculpture, the “Fearless Girl” statue was moved to a location outside the New York Stock Exchange.

As a result of the extensive promotion of “Fearless Girl” in conjunction with International Women’s Day and SSGA’s Campaign, and the widespread coverage of the controversy over “Fearless Girl’s” initial placement, “Fearless Girl” became a media sensation, resulting in demand for replicas within the United States and abroad.

The Litigation

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