SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : IFLY - travel sales on the web pure play
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sir Auric Goldfinger who wrote (4146)1/31/1999 12:47:00 PM
From: BARRY ALLEN  Read Replies (3) of 4761
 
Hey Goldenboy, you are pushing a fine line on this "Crim" stuff. Did you know that some companies have successfully pressed charges of defamation? You might want to check out what happened with Presstek(PRST).

In another recent case filed in September 1997, Presstek Inc. (PRST), a Hudson, N.H. firm, sued three men for allegedly writing libelous comments in discussion threads to profit from "short-selling" of the company's stock. In a short sale, an investor bets the price will fall. If the price falls below the betting price, the investor makes a profit.
Presstek claimed unfair business practices and defamation. The suit is pending. One of the defendants contacted by CNNfn declined comment. Efforts to reach the other two men for comment were unsuccessful.
One posted message accused Presstek of hiding Nazi gold, the lawsuit said. Another claimed that the company was the subject of a grand jury probe. Both were false.
Bob McDaniel, general counsel at Presstek, said the company fielded many inquiries from worried investors as a result of the messages.
"I don't think Internet discussions should be regulated any more than a discussion in a restaurant or on an elevator," McDaniel said. "It wasn't our intention to have a quieting effect on discussions as much as it was to clean up the discussions so they were fair."
Both Silicon Investor and Motley Fool have tightened their guidelines.
cnnfn.com


Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News