Slashdot Mirror
Federal Judge Bars Instant Publishing of Analysts' Stock Tips
An anonymous reader writes "Big Banking firms Barclay's Capital, Morgan Stanley, and Merrill Lynch successfully obtained an injunction against theflyonthewall.com, Inc., preventing them from immediately publishing the firms' stock upgrades and downgrades. This case could have far-reaching consequences concerning internet communication and publication of news." Here's some interesting analysis from Paul Levy, via Dave Farber's Interesting People list.
Why should they have to release information to the non-paying public at the same time they release it to their paying clients? That would be like Macafee making a anti-virus update available to everyone in the world at the same time they made it available to their subscribers. That's just asinine.
God invented whiskey so the Irish would not rule the world.