Barclays 'Hot News' Ruling Threatens Google, Twitter

Law360, New York (August 6, 2010, 5:48 PM EDT) -- Google Inc. and Twitter Inc. told appeals judges on Friday that the companies could face competition liability for distributing news if a financial news website remains barred from reporting research from Barclays Capital Inc. and other investment banks.

The Internet giants’ lawyer Kathleen M. Sullivan of Quinn Emanuel Urquhart & Sullivan LLP told a panel in the U.S. Court of Appeals for the Second Circuit that an injunction decision in the Theflyonthewall.com's case “could invite lawsuits against news providers” for so-called hot news claims.

“If all...
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