Hot News Decision from New York Is Stayed Pending Appeal

 by Paul Alan Levy

Flyonthewall.com has secured a stay from the Second Circuit, pending appeal of the injunction that forbids it from promptly reporting on investment firms' stock recommendations, based on Judge Cote's "hot news" ruling this past March.  Because of concern about the impact of the ruling on bloggers' freedom of speech, Public Citizen is preparing an amicus brief in the appeal.