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Microcap & Penny Stocks : The Hartcourt Companies, Inc. (HRCT) -- Ignore unavailable to you. Want to Upgrade?

To: funincolo who wrote (1481)	11/16/2000 5:22:30 PM
From: StockDung	Read Replies (2) \| Respond to of 2413

Hey CHUMPS, You said David Marchant was a Quack writer when he wrote about Hartcourt. Seems a Florida Judge gives him much Credibility. Fact is he is a SCAM BUSTIN HERO!! CHEERS CHUMPS!! Mark Harris v. David Marchant Appeal The Harris Organization financial services group of Panama has lost an appeal against a libel decision issued in August, 1999 in favor of Offshore Business News & Research and its principal, David Marchant, which publishes OffshoreAlert newsletter. Circuit Judges Tjoflat, Dubina and Barkett, sitting in the US District Court of Appeals for the Eleventh Circuit, AFFIRMED the lower court's decision in a ruling on September 29, 2000. In a brief one-page ruling, they stated: "In this appeal, appellants challenge the district court's evidentiary rulings at trial (before the court), the court's decision regarding the weight and credibility of the testimony of appellants' accountant, Luis Ovidio Rodriguez Brandao (testimony that appellants contend was uncontroverted) and the court's conclusion that appellants had not made out a claim for libel because appellants had failed to establish that appellees were negligent in publishing the disputed statements. "We find no merit in appellants' challenges and therefore affirm the district court's judgment for appellees." For those on this list who are not already aware of the background to the appeal, The Harris Organization filed a libel lawsuit against OBNR and Marchant in April, 1998 after OffshoreAlert had published a story alleging the group was insolvent, embezzling its clients' funds, involved in money laundering and being operated as a Ponzi scheme. Following a bench trial in July, 1999, Judge Michael Moore, sitting in the US District Court for the Southern District of Florida in Miami had ruled that there was "persuasive evidence" to support the allegations contained in the article.