My thanks to the RB poster Ray-Jay-Johnson
( ragingbull.com ) for the following:
Tuesday October 5, 10:23 am Eastern Time
Company Press Release
Investors Amend Defamation Complaint Filed Against ConSyGen and Restaurant Teams
Mark Weiss, Tom Dreaper, Harry McMillan, Lee Walsh and Other Internet Posters Named as Additional Parties in Amended Complaint
NEW YORK--(BUSINESS WIRE)--Oct. 4, 1999-- Sovereign Partners Limited Partnership, Dominion Capital Fund Limited and Stephen M. Hicks have prepared an amended complaint in their defamation action against Restaurant Teams International, Inc. (OTC BB: RTIN - news), ConSyGen, Inc. (OTC BB: CSGI - news) and others.
The suit charges both companies with making false and defamatory statements accusing plaintiffs of unlawful short selling, in a malicious effort to blame plaintiffs for the results of their own business and management failures. The amended complaint, which was submitted for approval to the federal district court in New York on Tuesday, September 28, 1999, expands on plaintiffs' original claims against Restaurant Teams, its officers Stanley and Curtis Swanson, ConSyGen, and its former CEO Thomas Dreaper. Since the original complaint was filed, plaintiffs discovered that Dreaper was responsible for Internet postings under the screen name ''TradeIQ.'' Therefore, the amended complaint expressly seeks damages from Dreaper for those postings, as well as for his public statements as CEO of ConSyGen.
The amended complaint also adds charges against several new defendants, including: Restaurant Teams' former financial advisor Harry N. McMillan; ConSyGen shareholder Mark Weiss; and two Internet users who have frequently posted messages defamatory of the plaintiffs and who, plaintiffs discovered, were provided with Restaurant Teams stock purportedly pursuant to its Employee Stock Option Plan. The two new proposed defendants are Lee Walsh, a resident of Arkansas, who received 15,000 shares of stock in early 1999, and Mark Stager, a resident of New York City, who received 800 shares of stock in late 1998. Finally, the amended complaint seeks damages from Internet posters ''FranW,'' whom plaintiffs have identified as Francis Worst; ''NJInvestors,'' who is Eric Davidson; and two posters whose identities are not yet known, ''Tech'' and ''falcon74.''
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Contact:
The MWW Group
Public Relations - Tel. (201) 507-9500
Robert Ferris -- rferris@mww.com
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