Dow Jones has sued a London-based aggregation service, Ransquawk, for allegedly accessing its news feed and publishing its content within seconds of its original publication.The legal action - as reported by Reuters - accuses Ransquawk (Real-Time Analysis & News) of "hot news" misappropriation by taking a "free ride" on journalistic content that the originator spent time and expense to create.In its filing to the US district court in Manhattan, Dow Jones accuses Ransquawk of "nearly instantaneously cutting, pasting, and broadcasting" content from its DJX service, which includes news unavailable to the general public."Its business model is as simple as it is illegal," says the filing. By accessing such content without permission, and without its own reporting or analysis, Ransquawk can offer a "pirated product" to traders at a cheaper price,."We refuse to sit back when others swoop in to swipe our content," said Jason Conti, deputy general counsel of Dow Jones, a division of News Corp.Dow Jones is aiming to halt to further misappropriation and seeking damages of $5m (£3.04m).Reuters quotes Ransquawk's chief executive and founder, Ranvir Singh, as saying in a email: "Whilst we obviously strongly deny any accusations made against us by Dow Jones... we will only be in a position to make a full statement tomorrow."Sources: Reuters/Dow Jones/Wall Street JournalDow JonesMedia lawNews CorporationWall Street JournalUnited StatesRoy Greensladetheguardian.com © 2014 Guardian... Continue reading at 'The Guardian'
[ The Guardian | 2014-01-10 00:00:00 UTC ]
Exclusive: former minister was seeking damages over book she alleged made defamatory statements about her response to Brittany Higgins’ allegations of rapeFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastLinda... Continue reading at The Guardian
[ The Guardian | 2023-04-27 05:18:20 UTC ]
More news stories like this
Barnes & Noble is now seeking damages from recently fired CEO Demos Parneros for breaching his fiduciary duties, including derailing the sale of the company so he could retain his job as B&N's CEO. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-10-30 00:00:00 UTC ]
More news stories like this
Dow Jones has sued a London-based aggregation service, Ransquawk, for allegedly accessing its news feed and publishing its content within seconds of its original publication.The legal action - as reported by Reuters - accuses Ransquawk (Real-Time Analysis & News) of "hot news"... Continue reading at The Guardian
[ The Guardian | 2014-01-10 00:00:00 UTC ]
More news stories like this