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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: StockDung who wrote (11585)8/4/2003 9:50:25 AM
From: afrayem onigwecher  Read Replies (1) | Respond to of 19428
 
Springdale : Broadcaster’s suit dismissed
BY CHRIS BRANAM ARKANSAS DEMOCRAT-GAZETTE

FAYETTEVILLE —A judge on Friday threw out a Springdale broadcasting company’s lawsuit that accused people of trying to extort money from the company and unfairly bashing it on an Internet message board.

U.S. District Judge Jimm Larry Hendren granted Robert Kirk’s motion to dismiss an amended complaint of securities fraud filed in March by Sienna Broadcasting Corp., formerly Golf Entertainment Inc.

Hendren also dismissed Sienna Broadcasting’s claims against Carla Hohenhouse, Scott Wilding, John Cummings, Jeffrey Wood, Terra Networks and an unnamed defendant. In a separate order, Hendren dismissed Sienna’s claims against Leonard Mauck.

Sienna Broadcasting executives claimed in a June 18, 2002, lawsuit that Hohenhouse, Kirk and others conspired to bash the company and short-sell its stock.

Kirk was accused of misstating facts and manipulating print and electronic media reports about Sienna Broadcasting.
But Sienna Broadcasting didn’t prove in three complaints, filed between June 18, 2002, and March 6, that Kirk committed securities fraud, Hendren wrote in his order.
Hendren wrote that Kirk’s justification for dismissal applied to the other defendants as well.