Professor Volokh Cited in Wall Street Journal "Law Blog" Article on Wall Street "Hot News" Lawsuit

June 21, 2011 -- Professor Eugene Volokh was cited in a Wall Street Journal "Law Blog" article on the Second Circuit ruling that a financial news service could publish ratings changes by Wall Street banks’ analysts.

“Reporting on other people’s recommendations or actions is allowed and cannot be stopped under this ‘hot news’ theory,” he said. “This is no different than one newspaper reporting on another newspaper’s political recommendations or the score of a basketball game. You’re allowed to report the news as quickly as you learn it.”

To read the entire posting, click here.

He is also quoted in a Reuters article on the topic.

"It makes clear that the theory that one can be liable for misappropriating hot news is very narrow," said Eugene Volokh, a professor at the UCLA School of Law. "Copyright law prevents the copying of expression, but not the copying of fact."

To read the entire article, click here.