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To: Jeffrey S. Mitchell who wrote (484)	7/22/2000 2:34:53 PM
From: StockDung	of 12465

May 2, 2000 Solv-Ex Lawsuit Alleging Electronic Conspiracy by Shortsellers Is Dismissed cybersecuritieslaw.com On May 2, the Honorable John Conway, United States District Judge for the District of New Mexico reportedly dismissed a lawsuit brought by Solv-Ex Corp. in December 1998 against Deutsche Bank AG and nearly two dozen investors. The complaint reportedly alleged that the defendants engaged in a shortselling conspiracy to drive down the company's stock price. According to a Bloomberg report, Solv-Ex introduced evidence of e-mails exchanged among shortsellers to demonstrate an alleged conspiracy. But, the report continued, the Court rejected the contention on the ground that "[t]he e-mails and discussions are merely opinions about the relative value of Solv-Ex stock . . . If such discussions were sufficient to prove a conspiracy, then every person in the securities industry would be a potential conspirator."

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