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FlyOnTheWall.com Decision: Banks Convince Court To Pull Down Hot Stock Tips For Ordinary Investors

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First Posted: 05/23/10 06:12 AM ET Updated: 05/25/11 04:55 PM ET

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nytimes.com:

A while ago, a group of banks sued a Web site called theflyonthewall.com to prevent the site from publishing news headlines about their stock upgrades and downgrades. Last week, Judge Denise Cote, of the United States District Court in New York, ruled in favor of the banks. The decision could have big implications for who gets Wall Street's hottest tips, and when.

Read the whole story: nytimes.com

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A while ago, a group of banks sued a Web site called theflyonthewall.com to prevent the site from publishing news headlines about their stock upgrades and downgrades. Last week, Judge Denise Cote, of ...
A while ago, a group of banks sued a Web site called theflyonthewall.com to prevent the site from publishing news headlines about their stock upgrades and downgrades. Last week, Judge Denise Cote, of ...
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denlong
3 Fans
10:27 AM on 03/24/2010
Hey you wouldn't want to restrict this form of "insider trading" or else the banks wouldn't be profitable ;)
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LeeCalif
564 Fans
07:02 PM on 03/23/2010
Why didn't the Judge recuse herself ??
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HUFFPOST SUPER USER
Cowboylove
1434 Fans
05:20 PM on 03/23/2010
This is an outrageous ruling and the judge should be removed from the bench for making it. Information should not be delayed or enjoined for any reason. This is a direct violation of the freedom of the press rule in the Constitution. Shame!
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not going2take it
59 Fans
01:33 PM on 03/23/2010
This comes as NO SURPRISE

The (real) STOCK MARKET

is an INSIDERS BUSINESS.

(.g.o.d. help us)
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HUFFPOST SUPER USER
TruEngineHearing
Happiness needs new pursuers...
786 Fans
01:07 PM on 03/23/2010
Small investor alert: you've been tooled! Judge Cote is wrong, and it's unsettling that she actually may not have fathomed what was clearly at stake - or worse, did and her decision was based on some other consideration not now evident.
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Bytown
One way or the other!!
93 Fans
12:37 PM on 03/23/2010
Willing to bet that Judge Denise Cote is a member of that "club".
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HUFFPOST SUPER USER
DebtNavigation
Attorney and Author
241 Fans
 
12:04 PM on 03/23/2010
Wall Street continues to assail ordinary Americans and tries to narrow their options to only those that make money for the bank$ter$. Americans who do ANYTHING that takes money out of their pockets or prevents money from going in should consider themselves to be in the crosshairs. Its time everyone fought back.

In Mexico in the mid-'90s Wall Street engineered a currency coup that tripled the debt owed by small businesses and family farms and also allowed for them to be massively ratejacked on top of it. Mexicans consequently formed the "el Barzon" movement and pushed back Wall Street and deposed their ruling party of 60+ years. In this country YouTube phenom Ann Minch has already declared the debtors' revolt and begun going after them http://www.revoltstartsnow.com

If you've been pushed under, you can read every other page of my book for free: http://www.scribd.com/doc/25443175/Debt-Hope-Down-and-Dirty-Survival-Strategies-Evaluation-Version-Complete
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mrspiffy
41 Fans
12:03 PM on 03/23/2010
Why should it matter? Their picks are always wrong anyway.

http://yieldpig.blogspot.com/
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