‘Oil Daily’ Publisher Owed More Damages in Copyright Case

An investment firm is likely liable to the publisher of “Oil Daily” for more than the $585,000 it originally paid in damages for violating the publisher’s copyrights, the Fifth Circuit said Wednesday.

Energy Intelligence Group Inc.'s failure to mitigate its damages shouldn’t have affected the amount of statutory damages it was entitled to, the appeals court said.

A Kayne Anderson Capital Advisors LP partner purchased a subscription to EIG’s “Oil Daily” newsletter and violated EIG’s subscription agreement and copyright law by sharing his access with other KA employees.

A jury awarded EIG only $585,000 of its requested $26 million in ...