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Creating, making, or breaking it: Second Circuit reexamines "hot news" misappropriation tort
  • Dentons
  • USA
  • June 30 2011

In a convoluted 88-page decision, the Second Circuit simultaneously reaffirmed the continued existence of the "hot news" misappropriation tort, stripped the tort of its five-factor preemption test used for nearly fifteen-years, and replaced it with an abridged analysis under the theory of "free-riding."


Anthony E. DiResta
  • Winston & Strawn LLP

Liisa M. Thomas
  • Winston & Strawn LLP

Caroline A. Wenzke
  • Winston & Strawn LLP

Anna Lamut
  • Winston & Strawn LLP

Idara E. Udofia
  • Winston & Strawn LLP

Pramila A. Kamath
  • Bricker & Eckler LLP

David B. Waller
  • Baker & Hostetler LLP

Peter Brown
  • Baker & Hostetler LLP

Mark Anstoetter
  • Shook Hardy & Bacon LLP