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Gold/Mining/Energy : PROMOTERS - The Good, The Bad and The ...

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To: Supervalue who wrote (83)	6/21/1997 10:58:00 PM
From: John Barendrecht	of 114

Globe and Mail magazine to fight lawsuit TORONTO - The publisher of the Globe and Mail's Report on Business Magazine said Friday he stands by a story critical of the Vancouver Stock Exchange, despite a defamation suit. The exchange has launched suits against the magazine and CBC Radio. "We don't publish things unless we're convinced we're right," said Stephen Petherbridge, publisher of the Globe magazine. He added he hadn't seen any documents connected with a lawsuit. CBC lawyer Michael Hughes said he hadn't received anything official, either. The suits filed Thursday in B.C. Supreme Court relate to a story by Margaret Cannon in the Report on Business Magazine and an appearance she made on CBC Radio's Early Edition. The magazine article was titled Death on the VSE: The mysterious trail of murder and mayhem at the Vancouver Stock Exchange. Published in the May edition of the magazine, it describes a series of violent incidents involving past or present players on the VSE. They include former stock promoters David Ward, Ray Ginnetti and Terry Watts, all shot to death by unknown assailants, and Assa Manhas, who fell to his death from the 20th floor of a San Francisco hotel. Manhas's death was ruled a suicide. The stock exchange alleges the magazine story implied that it "permits and encourages disgraceful practices . . . supports and protects a core group of individuals well known for improper and illegal activities . . . (and) fosters a culture of crime and murder for which it is responsible." Cannon, Petherbridge and magazine owner Thomson Canada Ltd. are named in that suit. The second suit, against Cannon and CBC, claims the author made statements implying the exchange "permits and encourages disgraceful practices . . . (and) is responsible for murders, suicides and disappearances among the people involved in the companies and stocks listed on it.

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