U.S. Second Circuit - The FindLaw 2nd Circuit Court of Appeals Opinion Summaries Blog

June 2016 Archives

2nd Cir. Rules in Vimeo's Favor; Good News for ISPs

The Second Circuit ruled in favor of Hi-Def video upload service Vimeo over allegations that the latter ignored red flags when its employees heard popular songs on the Vimeo's website. At the same time, it also affirmed the broad safe-harbor protections afforded under the DMCA, regardless of publication date of the copyrighted material.

It's a decision that made the EFF giddy with delight. It makes sense as the digital freedom group co-wrote an amicus in the case.

2nd Cir. Reverses Lower Ct. Libor Ruling, Says Antitrust Violated

The Second Circuit has reversed a lower federal court decision that had first determined that widespread collusion amongst international banks to price-fix the London Interbank Offered Rate (aka Libor) was not a violation of antitrust law for want of competition.

The Second Circuit's Court of Appeals reversed this recently, breathing new life into plaintiffs' hopes for redemption. As well as plaintiffs' lawyers. The ruling cracks open a doorway to potentially billions in damages tied to the manipulation of the price of money and lending.

Lynn Tilton Loses Bid to Bring Case to Circuit Ct. Over SEC ALJ

The matriarch of Patriarch Partners, the private equity firm, has lost her bid to halt SEC administrative proceedings over her alleged defrauding of investors. Lynn Tilton, founder of Patriarch, will have to go through lower SEC administrative channels first and exhaust those proceedings before getting any type of review by the federal appellate court.

The ruling is no surprise given the increase in the of SEC court proceedings following the Dodd-Frank Act of 2010.