Barclays Capital Inc. v. Theflyonthewall. Com, Inc.
Court of Appeals for the Second Circuit
1Opinion of the Court
SACK, Circuit Judge:
The parties, the district court, and amici have raised a wide variety of interesting legal and policy issues during the course of this litigation. We need not address most of them. We conclude that under principles that are well established in this Circuit, the plaintiffs’ claim against the defendant for “hot news” misappropriation of the plaintiff financial firms’ recommendations to clients and prospective clients as to trading in corporate securities is preempted by federal copyright law. Based upon principles explained and applied in National Basketball Association v.…
2Cases cited26 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
- Harper & Row, Publishers, Inc. v. Nation EnterprisesSupreme Court of the United States · 1985
- Community for Creative Non-Violence v. ReidSupreme Court of the United States · 1989
- Sosa v. Alvarez-MachainSupreme Court of the United States · 2004
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- Saint-Amour v. Richmond Org., Inc.District Court, S.D. Illinois · 2019
- In Re Arab Bank, PLC Alien Tort Statute LitigationCourt of Appeals for the Second Circuit · 2015
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