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Pastimes : Investment Chat Board Lawsuits

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To: Jeffrey S. Mitchell who wrote (11727)4/25/2013 5:56:49 PM
From: SI Dave  Read Replies (2) of 12465
 
We proved conclusively by our legal challenges that an Internet connection alone was not good enough to establish jurisdiction.

As I said, I could go on and on about other legal precedents we set and chronicled here. Here's hoping iHub can make their mark as well.

Here's one mark in that regard; iHub was the first U.S. party to ever obtain a declaratory relief judgment invalidating a foreign libel judgment. Granted it was a Stipulated Judgment, since the other party recognized the outcome was inevitable, and litigating to a conclusion would have resulted in an award of legal fees as mandated by the statute. This outcome was made possible by the anti-libel tourism law, a/k/a the SPEECH Act, enacted in 2010.

While libel reform is afoot in the UK and perhaps other commonwealth countries, which is a positive development indeed, it is unlikely they will ever come very close to mirroring U.S. law since they don't have a First Amendment, the CDA, or a Sullivan actual malice standard.

There was another case recently dismissed in a Louisiana court, Treaty Energy Corporation v John Doe 1, et al., where the federal Magistrate Judge granted the motion to quash the subpoena which sought their account information from iHub. In its ruling, the Louisiana Federal Court found the California Federal Court's reasoning in the Eade case to be very persuasive.

There's another one coming down the road; more on that as the story unfolds. ;-)
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