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Biotech / Medical : Peregrine Pharmaceuticals, Inc.( PPHM)
PPHM 4.220+0.7%Jan 5 4:00 PM EST

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From: Terry D.5/1/2013 6:42:38 PM
   of 3795
 
Remember Ricardo Lacabeza? Here is the ruling on Peregrine Pharmaceuticals v. Gorman ( Ricardo) case. Interesting reading. I didn't know it went this far. Better be careful of what you post.

APPEAL from an order of the Superior Court of San Diego County, Randa Trapp, Judge. Affirmed.

Defendant Michael Gorman published statements that Eric Swartz, a member of the Board of Directors of plaintiff Peregrine Pharmaceuticals, Inc. (Peregrine), had engaged in insider stock trading, and that Peregrine took actions to cover up Swartz's illegal activity. Peregrine filed an action against Gorman pleading claims for defamation and trade libel. Gorman, after answering the complaint, moved to dismiss the complaint pursuant to Code of Civil Procedure [1] section 425.16, commonly referred to as the anti-SLAPP (strategic lawsuit against public participation) statute. (Equilon Enterprises v. Consumer Cause, Inc. (2002) 29 Cal.4th 53, 57.) The trial court denied Gorman's motion and this appeal followed.

fearnotlaw.com
or
courts.ca.gov
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