DE artist Kristen Visbal's statue of a girl with her hands on her hips was placed on the traffic island on March 7.
"It's negative", Arturo Di Modicasaid of the girl's juxtaposition to the popular bull statue.
The 7,100-pound (3,200 kg) bull itself originally appeared as guerrilla art, installed unofficially in front of the New York Stock Exchange by Di Modica in 1989 and meant to convey the fighting spirit of the United States and of New York.
But Di Modica's lawyers say the bull no longer carries a positive, optimistic message but "has been transformed into a negative force and a threat".
Speaking with The Guardian, Di Modica said he believed the statue infringed on his rights, and he also critiqued the statue's status as a symbol for women everywhere.
"We were focusing on making a statement about the future of Wall Street", Visbal told CNN Money last month.
State Street Global Advisors, the asset management business of global financial services company State Street Corporation, commissioned the statue in an attempt to highlight the lack of female directors on corporate boards.
The plaque at the feet of "Fearless Girl" reads: "Know the power of women in leadership".
Mayor Bill de Blasio said in March that the statue could stay until February 2018. "SHE makes a difference" -a direct reference to State Street's SHE Index created to promote gender diversity.
"The girl is standing there like this in front the bull, saying, 'Now, what are you going to do?'" the artist said at a press conference, holding his hands on his hips like "Fearless Girl".
"The question is 'How did they take copyright for their use, and use it for their promotion and advertising?'" said Siegel. The tiny bronze statue is now bearing responsibility for pain inflicted on the creator of her nemesis, the Bull.
When "Fearless Girl" first appeared, State Street chief marketing officer Stephen Tisdalle told the New York Times that the Boston-based firm has been vocal in promoting gender diversity in the financial sector.
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