'Fly' Swatted With Injunction In Brokerage News Spat

By Erin Marie Daly

Law360, New York (March 18, 2010, 7:13 PM ET) -- A federal judge has barred Theflyonthewall.com from issuing immediate online reports regarding equity research recommendations by a group of brokerage firms following her finding that the financial news service misappropriated their “hot news” and infringed their copyrights in prior research reports.

In a ruling Thursday, Judge Denise Cote of the U.S. District Court for the Southern District of New York granted a request by the brokerage units of Merrill Lynch & Co., Morgan Stanley & Co. Inc. and Barclays Capital Inc. for an injunction placing restrictions...
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