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Pastimes : Investment Chat Board Lawsuits

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To: rrufff who wrote (7905)4/12/2005 3:10:57 PM
From: olivier asser  Read Replies (5) of 12465
 
Now that is a very interesting case. A CEO of an AMEX-traded company going after not just the principals of the site but also all aliases involved in publishing false, misleading and/or defamatory statements and claims regarding the company. Maybe the aliases involve the principals themselves making the posts, deceiving the public by posing as a large number of "satisfied and successful clients," just like Berber, Moor and Rea here at SI and at the IA sites? Site software makes this a very simple matter; I have copies of that software, could show any of you in a few minutes how false aliases can be created in less than 30 seconds, up and posting - and that moreover if you were a real client and critical how a site owner could boot you from the chat and then hijack your name, posting under it without your permission (happened all the time).

I wonder if Mr. Rothman noted the can of worms opened up by the AP trial, many of the "satisfied clients" in fact conspiring to commit RICO violations, a number of whom have already pleaded guilty to criminal offenses (Daws the hedge fund manager now as well).

Keep us posted rruff, please.

Barry K. Rothman, attorney for Mr. Danks said, "Litigation has been filed against StockLemon.com and its principals, which litigation we intend to be the test case to disclose the fact that certain websites that profess to be consumer watchdog sites are really sites who manipulate the stock price of a given stock they have a vested financial interest in by intentionally publishing false and negative information regarding the stock, which causes StockLemon.com to make substantial profits when stock prices fall as a result of the false and negative information having been published. As well this litigation is intended to be a test case that will make it mandatory for principals of these self-professed consumer watchdog sites to disclose their identities, and the true identities of the fictitious names of the people who post. Most importantly this litigation is intended to be a test case that these websites have a financial motive in publishing the false and negative information they publish and they cannot hide behind Freedom of Speech and 1st Amendment Rights and we intend to have the court impose severe punitive damages against all defendants as a result of the outrageous defamation that has been published "for profit."
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