Wade Cook Financial Corp. Takes a Stand Against Anonymous Internet Slander Through Federal
Lawsuit
Nation's Leading Financial Educator to Sue Anonymous Yahoo! Users
For Defamation
SEATTLE, March 8 /PRNewswire/ -- Wade Cook Financial Corporation (OTC Bulletin
Board: WADE - news) announced today that attorneys for the company have filed suit in
United States District Court against ''John Doe #1-10,'' unknown users of Yahoo! Inc. for
defaming the company.
''These John Does are using the anonymity afforded by the Internet to damage the reputation
and undermine the business of a legitimate company,'' said Paul Anderson, partner in the law
firm of Anderson Godwin De Regt LLP. ''What makes this 'virtual attack' even more
egregious is the fact that these falsehoods are posted on Yahoo! message boards for millions
of people to read and they cannot be removed from the Internet by the company.''
The emerging practice of anonymous Internet slander is fast becoming one of the greatest
threats to companies and industries throughout the nation. Through this lawsuit, Wade Cook
Financial Corp. is hoping to receive a judgment against ''John Doe #1-10,'' as well as help to
extinguish the practice of Internet slander in general.
The suit claims that the information published by these anonymous individuals negatively
impacts the integrity of Wade Cook Financial Corp. and its chairman and discredits their
business methods. The suit also contends that the published transmissions negatively affect
public confidence in the company and could potentially drive away customers and
shareholders.
''We believe that our course of action is the only way to stop these individuals from hiding
behind a computer screen and filling cyberspace with lies as big as the Internet itself,'' said
Kiman Lucas, general counsel for Wade Cook Financial Corporation. ''Wade Cook Financial
Corp. believes it has an obligation to its customers, shareholders and the community in general
to do whatever it can to stop such malicious activity.''
Wade Cook Financial Corp. is seeking an injunction that would require the defendants to
remove all of the published attacks as well as prohibit the individuals from any future
publication of false information about the company.
Wade Cook Financial Corporation is one of America's leading financial education seminar and
publishing companies. Wade Cook Financial Corporation provides hundreds of financial
education seminars each month, and through its subsidiary, Lighthouse Publishing, publishes
dozens of financial investment and real estate investment education books.
SOURCE: Wade Cook Financial Corporation
More Quotes and News:
Wade Cook Financial Corp (OTC BB:WADE - news)
Related News Categories: banking, education, internet
|
