This just came off the RB -
"Brokerage files Net defamation suit
By Bloomberg News
Special to CNET News.com
May 20, 1999, 1:10 p.m. PT
WASHINGTON--The M.H. Meyerson brokerage is suing several Internet users on allegations they posted defamatory messages about the company in an attempt to drive down its stock.
The messages, by unnamed individuals using aliases such as "TheDaytrader2000" and "j454545j," accused the brokerage's chief executive, Martin H. Meyerson, of stock manipulation, inside trading, and money laundering, copies of the Internet messages show. The suit also names Yahoo, alleging the top Internet search service failed
to remove offensive messages from one of its message boards when asked to do so.
The Securities and Exchange Commission wouldn't comment on Meyerson's allegations, though the agency is investigating other similar allegations of possible stock manipulation by users of Internet chat rooms and message boards, said John Reed Stark, head of the SEC's Internet enforcement unit.
"Anytime you spread false information on the Internet, driving the stock up or down, it raises serious questions of possible market manipulation," Stark said in an interview." |
