05/13/2009 05:12 am ET Updated May 25, 2011

UPDATE: Goldman Sachs Hires Law Firm To Shut Down Dissident Blogger, Blogger Sues Bank

UPDATE: The blogger is not backing down, according to this interview. In fact, On Monday, the blogger, Mike Morgan, filed a lawsuit in Florida against the bank on the basis the bank is trying to muzzle the blog.

The bank has instructed Wall Street law firm Chadbourne & Parke to pursue blogger Mike Morgan, warning him in a recent cease-and-desist letter that he may face legal action if he does not close down his website.

Florida-based Mr Morgan began a blog entitled "Facts about Goldman Sachs" -- the web address for which is -- just a few weeks ago.

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