What is this?
I know some of the entities. This does not seem to be correct. Why would these guys say they did something they did not? What was Zwebner doing to them that would get them to sign this settlement agreement? Did htey just not have money for proper representation?
Talk Visual Chairman Wins $1 Million Judgment Against Libelous Internet Poster.
Issue: July 13, 2000
Business/Technology Editors
MIAMI--(BUSINESS WIRE)--July 13, 2000
(OTC-BB: TVCP). Talk Visual Corporation Chairman Michael J. Zwebner announced today that the lawsuit(Federal District Court for the District of New Hampshire, Civil Action No. 98-CV-682-M) brought in New Hampshire against a number of defendants, including a certain Gary Dobry (alias Pugs, & Spider Valdez) and David Shepard (alias Rico Staris) has been settled. As part of the settlement, it has been agreed that the following public statement be officially made:
THIS ANNOUNCEMENT APPEARS AS A MATTER OF RECORD.
IN THE PERIOD OF SEPTEMBER THROUGH DECEMBER 1998, I GARY DOBRY USING THE ALIASES "PUGS" and "SPIDER VALDEZ" POSTED ON SILICON INVESTOR CHAT LINES, AND CREATED A NEW CHAT LINE WHICH I CALLED "NO BASH FOR LEGACY." I MADE ACCUSATIONS AGAINST MICHAEL ZWEBNER INCLUDING FALSE AND DEFAMATORY STATEMENTS IN RELATION TO HIS ASSOCIATION WITH DCI AND HIS ALLEGED "SHORTING OF DCI STOCK AND HIS BANKRUPTCY".
I WISH NOW TO MAKE THE FOLLOWING STATEMENT.
I NOW TOTALLY AND ABSOLUTELY APOLOGIZE TO MICHAEL ZWEBNER AND HIS FAMILY FOR ALL THE PAIN AND SUFFERING AND PUBLIC HUMILIATION I CAUSED HIM. I FURTHER STATE THAT I WAS WHOLLY MISLED BY THIRD PARTIES IN THE DISSEMINATION OF THIS FALSE INFORMATION, AND I CAME TO UNDERSTAND THAT THE PROMOTERS AND DIRECTORS OF DCI FALSELY CLAIMED THAT THE CONTINUING FALL IN THE DCI STOCK PRICE WAS A RESULT OF MICHAEL ZWEBNER'S SUPPOSED SHORT SELLING. TO MY EMBARRASSMENT I LATER LEARNED THAT WAS UNTRUE.
I FURTHER INFORM YOU ALL THAT THE LAWSUIT FILED BY MR. ZWEBNER AGAINST ME HAS BEEN SETTLED. I, GARY DOBRY HAVE CONSENTED TO A SETTLEMENT JUDGMENT BEING ENTERED AGAINST ME FOR THE AMOUNT OF ONE MILLION DOLLARS IN FAVOR OF MICHAEL ZWEBNER. MR. ZWEBNER HAS AGREED NOT TO ENFORCE THE JUDGMENT FOR SO LONG AS I DO NOT ATTACK HIM OR HIS BUSINESSES FURTHER. WE HAVE ALSO AGREED TO SIGN A MUTUAL RELEASE. I REGRET HAVING BEEN INVOLVED IN THIS EPISODE. GARY DOBRY
Michael Zwebner, in a statement made today, said, "This case was a libel case against me and against Legacy Software, Inc., now known as Talk Visual Corporation. I am pleased that this litigation is over. I feel vindicated in as much that these posters have come clean and have admitted their false and libelous actions. My family, and my business associates, as well as myself are relieved that all these false, malicious and libelous statements have been exposed for what they are, namely, FALSE, MALICIOUS AND LIBELOUS. The closure of this case, as well as the action taken by the Securities and Exchange Commission against DCI, Joseph Murphy, and others, is a very clear, loud and emphatic statement. It confirms to the public at large the real true facts, the truth, as I have always claimed it to be."
ABOUT TALK VISUAL CORPORATION
Talk Visual Corporation (OTC-BB: TVCP) is a pioneer in the video teleconferencing industry. It is developing global retail facilities to accommodate the growing video-communications needs of two key market segments: businesses and expatriate ethnic populations. Talk Visual can be reached toll-free at 1-877-22VIDEO within the United States, or at 305 572-0575 from abroad.
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