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Strategies & Market Trends : Bill Wexler's Profits of DOOM
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To: Kimberly Lee who wrote (2052)8/21/1998 10:45:00 PM
From: ztect   of 4634
 
Kimberly:

Was reading through your arguments and have to say I was impressed by your erudition.

I would just add that in a defamation case even if libel occurs and can be proven, the one who has been defamed also has to demonstrate how such defamation has either effected current and future earnings.

This demonstration is the basis for damages being awarded.

It is quite possible in this type of case, that libel can occur but no damages be awarded because no direct causation can be established between the libelous action and a company or individual's lost earnings.

Now if there were a case of Tava against Wexler, Tava may make a case against Wexler and prove that he made false claims. (Let me add that the line between what constitutes an opinion and what constitute slander is a thin one). They have to also demonstrate his slanders cost them business. This connection has no real or immediate bearing on the share price. Will potential business partners and clients utilize Tava's services based upon the share price or the strength of the company? Do clients make there decisions based on stock chat boards?

However, an action brought by share holders against Wexler may have more legitimacy if they can prove his actions have caused them to incur losses. But shareholders would also have to make a connection between Wexler's words and the stock's price. They would have to prove that his words and not the actions (like insider selling)or under performance of the company cause the share price drop. IMO such a action would be quite a stretch.

Anyway, just my two cents.

ztect

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