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10 Dumbest Things on Wall Street, 2010 (Part 1)

Lindsay's Ludicrous Lawsuit



Lindsay Lohan is the gift that keeps on giving -- to US Weekly and The Star. But for one week in March, she was she gave a gift to the TheStreet, when she confused herself with a talking baby, and sued a trading firm.

Originally published on March 12 -- Let it go, Lindsay. For your own sake, just let it go.

The New York Post revealed Tuesday that actress turned tabloid target Lindsay Lohan is suing E*Trade Financial (ETFC - Get Report) for $100 million in pain and suffering damages caused by the brokerage company's Super Bowl commercial. Lohan is alleging the so-called "milkaholic" boyfriend-stealing baby named Lindsay featured in the ad is a reference to her tabloid-chronicled substance abuse.

Lohan's lawyer Stephanie Ovadia is positing that the 23-year-old actress is recognizable by only her first name, much like Oprah and Madonna, the Post reported. She says that E*Trade has "garnered great profits" from the millions who watched the commercial.

Great profits? Really? That would be welcome news for shareholders as the company reported a loss of $525 million for fiscal 2009 on Jan. 27, and Wall Street doesn't expect it to get back in the black until the fourth quarter of this year.

"They used the name Lindsay," Ovadia told the Post. "They're using her name as a parody of her life. Why didn't they use the name Susan? This is a subliminal message. Everybody's talking about it and saying it's Lindsay Lohan."

We object, counselor. Your client's life is already a parody and, contrary to your silly lawsuit, it's one of her own making.

TheStreet Says: We don't mean to be mean to the Mean Girls star, but it's time to grow up -- if you know what we mean.

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