Re: 12/30/98 - [SEAC] Update of defamation suit
To:port_mgr who wrote (190)
From: port_mgr Wednesday, Dec 30, 1998 4:32 PM
View Replies (1) | Respond to 191 of 418
I have posted on internet boards in the past using the names port_mgr, Arthur Tang, U4eek, p_dog 2000, and rilwiner. My posts about SeaChange International contained information which I know was totally false and erroneous, which cause damage to the Company's stock price, to the Company's reputation, and to shareholder confidence. Specifically, but not limited to, I was incorrect in stating that their media cluster does not work, when in fact it does and is an excellent product. Furthermore, I gave the impression that they gave their systems away for free to Rogers, when in fact they were paid. These were just two comments that were not true, however, there were many other false posts and for that I apologize.
I also apologize to Yvette Gordon and Bill Fiedler for any negative comments I made about them which were completely untrue and false. SeaChange International's products are in fact excellent. These comments in no way reflected the true worth of SeaChange International, its present business, or future prospects.
For these erroneous postings I apologize to both the Company and its shareholders for damage I have caused.
Sincerely,
J.O. Putterman
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On June 14, 1999, SeaChange filed a defamation complaint against Jeffrey Putterman, Lathrop Investment Management, Inc. and Concurrent Computer Corporation in the Circuit Court of Pulaski County, Arkansas alleging that the defendants conspired to injure the business and reputation of SeaChange in the marketplace. The complaint further alleges that Mr. Putterman and Lathrop Investment Management, Inc. defamed SeaChange through false postings on an Internet message board. The complaint seeks unspecified amounts of compensatory and punitive damages. On June 14, 2000, Concurrent filed a counterclaim under seal against SeaChange seeking unspecified damages. These motions are currently pending and no trial date has been set.
SeaChange cannot be certain of the outcome of the foregoing litigation, but does plan to oppose allegations against it and assert its claims against other parties vigorously. In addition, as these claims are in the early stages of discovery and certain claims for damages are as yet unspecified, SeaChange is unable to estimate the impact to its business, financial condition, and results of operations or cash flows.
[SEACHANGE INTERNATIONAL INC, filed this 10-Q/A on 03/01/2001]
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