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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."


Patrick Gunning
  • King & Wood Mallesons

Steven Shiffman
  • Katten Muchin Rosenman LLP

Daren M. Orzechowski
  • White & Case LLP

John G. Murphy
  • Borden Ladner Gervais LLP

Michael C. Wilhelm
  • Briggs and Morgan

Raymond L. Sweigart
  • Pillsbury Winthrop Shaw Pittman LLP


Susan McLean
  • Morrison & Foerster LLP

Anthony E. DiResta
  • Winston & Strawn LLP