Sunday, April 04, 2010

Hot News

"Breathing some new life into the “hot news” doctrine, Judge Cote of the Southern District of New York recently issued a permanent injunction requiring the Internet-based financial news site TheFlyOnTheWall.com (Fly) to delay its reporting of stock recommendations from Wall Street research analysts. ..."


See Case Note for Barclays Capital, Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., and Morgan Stanley & Co., Inc. v. THEFLYONTHEWALL.COM , 06 Civ. 4908 (S.D.N.Y. 2010)

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