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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

Iris Fischer
  • Blake Cassels & Graydon LLP

Kenneth L. Chernof
  • Arnold & Porter LLP

Andrew H. Connor
  • Dykema Gossett PLLC

Zachary Q. Hoard
  • Dykema Gossett PLLC

Dennis O. Cohen
  • Baker & Hostetler LLP

Michael B. Hazzard
  • Arent Fox LLP

Gil White
  • Herzog Fox & Neeman

Douglas J. Wood
  • Reed Smith LLP