IANAL but some clarifications people might find helpful. An "interlocutory appael" is when the proceedings are stayed until the appeals court rules on a partic

IANAL but some clarifications people might find helpful. An "interlocutory appael" is when the proceedings are stayed until the appeals court rules on a particular matter. During trial a judge needs to give leave to an interlocutory appeal, generally speaking. It's always worth adding that appeals courts generally deal in matters of law not findings of fact. Trial judges make rulings on the law in the service of finding facts. A consequence of this is that verdicts aren't appealed, which a lot of people seem to think. You can't just appeal a guilty verdict because you don't like it. You need to find a basis, being where (in your opinion) the judge misapplied the law that had a material impact on the case. Lastly, related securities are a common theme in investing and trading. For example, someone might buy Exxon and short Chevron. Why? Both companies move to some degree in relation to the price of oil. So you've effectively removed that variable. Now you're betting that Exxon will outperform other oil producers (Chevron in particular). So this does seem to be anovel interpretation. I agree with the decision but it wouldn't surprise me if appellate courts end up gutting this interpretation.