Court Says Website Didn't Engage in 'Hot News'

On its face, a ruling by the Court of Appeals for the Second Circuit in Barclays v. seems like a win for the folks who republish the news. The Second Circuit, in an 88-page ruling, found that a financial news website called had not engaged in "hot news" misappropriation when it ran headlines about stock recommendations by Barclays, Bank of America's Merrill Lynch unit, and Morgan Stanley.