In a decision that could have broad implications for news aggregation services, the U.S. Court of Appeals for the Second Circuit ruled yesterday that financial news service Theflyonthewall.com can report on securities brokerages’ stock recommendations as soon as it learns of them, as long as it does not violate federal copyright law.

The opinion in Barclays Capital v. Theflyonthewall.com, 10-1372, said that the brokerages’ claims against Fly under New York’s “hot news” misappropriation law were preempted by the Copyright Act.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]