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Pastimes : Investment Chat Board Lawsuits

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To: Jeffrey S. Mitchell who started this subject8/28/2000 8:42:38 AM
From: Curtis E. Bemis  Read Replies (1) of 12465
 
Jeff- The Genzyme stuff also belongs on your list-

biz.yahoo.com

Mass. moves to stop trio from posting Internet stock comments
BOSTON, Aug 21 (Reuters) - A Massachusetts state agency on Monday moved to stop a trio of men from posting what it says are false and misleading statements about three biotech companies on the Internet.

Officials from the Enforcement Section of the Massachusetts Securities Division moved for a temporary cease and desist order against the three men - Raymond Costanzo and Richard Costanzo, both of Durham, North Carolina, and Ephraim Morris of Chandler, Arizona.

The trio are accused in a civil complaint of flooding the message boards on the Yahoo!(NasdaqNM:YHOO - news) web site with tens of thousands of false and misleading statements about New Jersey-based Biomatrix Inc (NYSE:BXM - news) and two units of Cambridge, Mass.-based Genzyme Corp(NasdaqNM:GENZ - news), in an attempt to manipulate the price of the stocks.
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