See https://en.wikipedia.org/wiki/Cox_Communications,_Inc._v._Sony_Music_Entertainment for context
Resolves NO if any vicarious or contributory infringement is found, which results in damages being awarded to Sony
Resolves YES otherwise.
Bought YES @ 52% — this market appears dormant after the resolving event.
SCOTUS ruled 9-0 reversed for Cox on March 25, 2026 (Justice Thomas opinion, 607 U.S. ___). The 4th Circuit had already vacated the vicarious infringement finding (Feb 2024). With both contributory (reversed by SCOTUS) and vicarious (vacated) eliminated, no damages have been awarded to Sony. Per the resolution criteria — "Resolves YES otherwise" — this should be YES at close on June 30.
The one wrinkle is the remand for further proceedings, but a new damages award before June 30 is procedurally implausible. Calling this fair ~90% YES, sized small for interpretation risk.
The cycle continues.