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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?


To: Jeffrey S. Mitchell who wrote (2196)12/13/2001 8:30:05 AM
From: Curtis E. Bemis  Respond to of 12465
 
Boca company sues over Web posting

gopbi.com

WEST PALM BEACH -- Eagle Building Technologies Inc. (OTC-BB: EGBT, $8.95) has filed a lawsuit regarding "false, defamatory and libelous information" posted by an unnamed defendant on the Raging Bull Web site, according to a document filed Wednesday with the Securities and Exchange Commission.

The suit was filed Tuesday in Palm Beach County Circuit Court.

The defendant is unidentified and known as "Spadeboy," according to the filing.

In its complaint, Eagle Building said it wants to learn the true identity of "Spadeboy." Once it does, the company will pursue "all available remedies," according to the filing.

The filing didn't provide any further details of the suit.

Eagle Building Technologies, based in Boca Raton, provides services in housing and construction development, precision-engineered machinery and doors, infrared scanning and detection systems, and an irradiation system for foods, medical supplies and waste management.

Raging Bull, based in Andover, Mass., is a financial information Web site.



To: Jeffrey S. Mitchell who wrote (2196)12/13/2001 8:57:32 AM
From: StockDung  Read Replies (1) | Respond to of 12465
 
RE:EGBT:"For Eagle Capital to be able to attract someone of Mr.
Khashogi's caliber and reputation are clear signs that Eagle is building a world class organization," said Eagle President & CEO Anthony D'Amato.


Egypt jails Saudi businessman for bank fraud

An appeals court overturned a ruling that had acquitted Mu'tasim Khashoggi of defrauding Citibank


April 18, 2001, 03:44 PM
CAIRO (Reuters)

- A Cairo court sentenced a Saudi Arabian businessman to three years in prison on Wednesday for cheating a bank of more than $3 million, court sources said.
The appeals court overturned a ruling by a lower court that had acquitted Mu'tasim Al-Mu'taz Billah Khashoggi of defrauding Citibank. Prosecutors had appealed against the original verdict.


Khashoggi had opened an account at Citibank with a $20 million cheque drawn on Bank of America. While it was being cleared, CitiBank let him transfer $3 million to an account he held at another bank and withdraw $30,000 in cash. The cheque he had used to open the account then bounced. Citibank has since recovered almost all its money.

The bank had allowed him to make the transactions based on faith in the good name of the prominent Saudi business family to which he belonged, the sources said.

--------------------------------------------------------------------
KHASHOGI MAKES INITIAL INVESTMENT OF $2 MILLION IN EAGLE
10/22/99 12:13 (New York)

Capital

Business Editors

BOCA RATON, Fla.--(BUSINESS WIRE)--Oct. 22, 1999--Eagle Capital
International, Ltd. (OTCBB: ECIC) - Eagle Capital International, Ltd.
is pleased to announce that Motasem Khashogi of Saudi Arabia has made
the first part of a significant investment in Eagle Capital. The
Shemano Group of San Francisco acted as the placement agent on behalf
of Sabre Capital Management of Dallas for the transaction. To further
underscore his commitment, Mr. Khashogi has asked for and received two
seats on the Eagle Capital Board of Directors.
"For Eagle Capital to be able to attract someone of Mr.
Khashogi's caliber and reputation are clear signs that Eagle is
building a world class organization," said Eagle President & CEO
Anthony D'Amato.
Besides the financial and Board commitments, Mr. Khashogi will be
instrumental in developing high level contacts to further sales of the
Insulated Masonry System in the Middle Eastern countries through our
relationship with Arabian Masonry Systems, the licensee for that
region.

The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements. Certain information
included in this press release (as well as information included in
oral statements or other written statements made or to be made by
Eagle) contains statements that are forward-looking, such as
statements relating to the future anticipated direction of the
industry, plans for future expansion, various business development
activities, planned capital expenditures, future funding sources,
anticipated sales growth and potential contracts. Such forward-looking
information involves important risks and uncertainties that could
significantly affect anticipated results in the future and,
accordingly, such results may differ from those expressed in any
forward-looking statements made by or on behalf of Eagle. These risks
and uncertainties include, but are not limited to, those relating to
development and expansion activities, dependence on existing
management, financing activities, domestic and global economic
conditions, changes in federal or state tax laws and market
competition factors.

--30--ik/sf*

CONTACT: Eagle Capital International, Ltd.
Anthony D'Amato, 561-988-2550

KEYWORD: FLORIDA TEXAS CALIFORNIA INTERNATIONAL AFRICA/MIDDLE
EAST
INDUSTRY KEYWORD: BUILDING/CONSTRUCTION

Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com

-0- Oct/22/1999 11:58
EOS (BUS) Oct/22/1999 11:58 85

-0- (BUS) Oct/22/1999 12:13



To: Jeffrey S. Mitchell who wrote (2196)12/13/2001 9:28:50 AM
From: StockDung  Respond to of 12465
 
RE:2themart.com :News Desk Federal Court Upholds Anonymous Speech on Internet

10/18/2001 16:15 by Electronic Frontier Foundation

Seattle -- In a precedent-setting ruling on free speech in
cyberspace, a federal court in Seattle yesterday upheld the right
to speak anonymously on the Internet. U.S. District Court Judge
Thomas Zilly quashed a subpoena seeking to force an Internet
service to disclose the identity of persons who spoke
anonymously on an Internet message board. The American Civil
Liberties Union (ACLU) and the Electronic Frontier Foundation
(EFF) represented J. Doe, one of the anonymous speakers, in
blocking the subpoena.

The subpoena was filed by 2TheMart.com, Inc., which is currently
defending itself against a class-action lawsuit alleging the
company engaged in securities fraud. The subpoena requested
that InfoSpace turn over the identities of 23 speakers who used
pseudonyms in participating on the Silicon Investor Web site
owned by InfoSpace.

The ruling is the first of its kind nationally in a case involving
anonymous speech by a third party. The case differs from many
other Internet anonymity cases because J. Doe, who used the
pseudonym "NoGuano," is not a party to the case, and no
allegations of liability against Doe have been made. While Doe
does maintain a Silicon Investor account, Doe never made any
statements about 2TheMart, nor has Doe ever posted on Silicon
Investor's 2TheMart message board.

"This is an important ruling for free speech on the Internet. The
court recognized that you should be able to express opinions
online without having to worry your privacy will be invaded
because of a lawsuit that has nothing to do with you," said Aaron
Caplan, staff attorney for the American Civil Liberties Union, an
organization with an 80-year history of defending freedom of
speech. "You have the right to speak anonymously on an Internet
b ulletin board just as you have the right to distribute a leaflet
using a pseudonym," added Caplan. Caplan argued the case on
behalf of J. Doe before the Court.

"By ruling for Doe, Judge Zilly has sent a clear message that the
courts will not tolerate lawsuits designed to chill online speech,"
said Lauren Gelman, director of public policy for the Electronic
Frontier Foundation, a civil liberties organization working to
protect rights in the digital world. "We hope that this decision will
force companies to think twice before they issue subpoenas, and
encourage users to step forward and protect their rights if they
receive a subpoena."

The ACLU and EFF argued that the Court should adopt the same
test currently used to determine whether to compel identification
of anonymous sources of journalists or members of private
organizations. Under that test, the Court must first determine
whether the person seeking the protected private information (in
this case 2TheMart.com) has a genuine need for the information
in the context of the case and cannot discover the information any
other way. If so, the Court must then balance the harm to the
anonymous speakers against the plaintiff's need to discover the
identity of the speaker. Anonymity should be preserved unless
the identity of the anonymous person is clearly shown to be of
central importance to the case. In his ruling, Judge Zilly said that
the information sought by the subpoena clearly was not central to
the case of 2TheMart.com.

2TheMart.com was a fledgling company that intended to launch
an online auction house. After its stock price plunged in 1999, a
number of investors sued for securities fraud, alleging that the
company had misled them about its prospects. Like many
Internet start-ups, 2TheMart.com had a number of people who
chatted about the company on investor-related bulletin boards.
One of these bulletin boards was operated by Silicon Investor, a
Web site now owned by Seattle-based InfoSpace. The postings
were made under 23 different user names, including "The
Truthseeker," "Edelweiss," and "NoGuano."

J. Doe was represented by ACLU staff attorney Aaron Caplan and
Cindy Cohn, legal director for EFF. InfoSpace also submitted a
brief supporting the right of its users to speak anonymously, and
Brent Snyder of Perkins Coie argued the case before Judge Zilly
on behalf of InfoSpace.