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Stock impact report

Appeals court upholds ruling that online archive's book sharing violated copyright law [Yahoo! Finance Canada]

John Wiley & Sons, Inc. (WLY) 
Four major publishers — Hachette Book Group, HarperCollins Publishers, John Wiley & Sons and Penguin Random House — had sued the Archive in 2020, alleging that it had illegally offered free copies of more than 100 books, including fiction by Toni Morrison and J.D. Salinger. The Archive had countered that it was protected by fair use law. In 2023, a judge for the U.S. District Court in Manhattan decided in the publishers' favor and granted them a permanent injunction. On Wednesday, the U.S. Court of Appeals for the Second Circuit concurred, asking the question: Was the Internet Archive's lending program, a “National Emergency Library” launched early in the pandemic, an example of fair use? “Applying the relevant provisions of the Copyright Act as well as binding Supreme Court and Second Circuit precedent, we conclude the answer is no,” the appeals court ruled. In a statement Wednesday, the president and CEO of the Association of American Publishers, Maria Pallante, called the de Show less Read more
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