Dow Jones & Co on Thursday filed a lawsuit accusing the London-based service known as Ransquawk of illegally accessing its news feed, and broadcasting its content within seconds of publication to traders and other subscribers.

The lawsuit by Dow Jones, a unit of News Corp, is the latest to test the rarely-invoked doctrine of "hot news" misappropriation, where news providers try to stop aggregators from getting a "free ride" on journalism and other content that can take much time and expense to create.

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