Short Murray Energy's Litigation Strategy

We have to admit: we're afraid to even mention Murray Energy. And that is precisely the problem: Bob Murray's penchant for litigation is intended to have a chilling effect on the media. This week, though, Reorg Research achieved - with the assistance of much bigger media organizations - a big appellate victory in the face of Murray's attempts to get Reorg to disclose sources. You can read the decision here. Many are championing this as a big victory for business journalists (and facing vitriolic off-point comments in response - see comments). Others, however, are wondering whether there are insider trading implications...?