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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."


Ronald E. Cahill
  • Nutter McClennen & Fish LLP

Michael A. Keough
  • Steptoe & Johnson LLP

David A. Bell
  • Haynes and Boone LLP

Charles A. Michael
  • Steptoe & Johnson LLP

Gerald J. Ferguson
  • Baker & Hostetler LLP

Irfan Lateef
  • Knobbe Martens Olson & Bear LLP

Stewart A. Baker
  • Steptoe & Johnson LLP

Dennis O. Cohen
  • Baker & Hostetler LLP

Michael B. Hazzard
  • Arent Fox LLP