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


To: peter michaelson who wrote (11825)2/9/2014 11:27:57 AM
From: scion  Respond to of 12465
 
AVT v Brochstein and Does 1 to 10

ab.typepad.com



To: peter michaelson who wrote (11825)2/9/2014 11:30:14 AM
From: scion  Read Replies (1) | Respond to of 12465
 
Last summer, Lane (then working with Newsweek and The Daily Beast) was named in a $100 million lawsuit by AVT Inc., a company that Lane alleged in his book called "The Zeroes" paid former baseball star Lenny Dykstra to shill its stock on "Mad Money" host Jim Cramer's website TheStreet.com. That suit was dismissed with prejudice, which means AVT can never file it again and Lane didn't have to file a response.


Forbes Magazine Taps Randall Lane as New Editor
Lane most recently served as editor-at-large of Newsweek and The Daily Beast.

By Matt Kinsman
08/09/2011
foliomag.com



To: peter michaelson who wrote (11825)3/22/2014 2:20:25 PM
From: scion  Read Replies (1) | Respond to of 12465
 
Created by Alan Brochstein on March 22, 2014

gofundme.com

I am reaching out to the public for several reasons besides defraying my own legal costs. First, I want to raise awareness for the larger issue of publicly-traded companies trying to stifle the criticism of independent analysts like myself. If companies like AVTC succeed in silencing those who want to highlight red flags, the public loses. There is no one looking out for investors in penny stocks. Second, I want to send a specific message to companies that seek to stifle my work on behalf of individual investors. I have had to deal with threats of litigation from other companies. If I were to settle with AVTC, then it would open the door to other companies trying to stop me from telling the truth. At 420 Investor, I spend a great deal of time investigating the practices of many shady companies trying to take advantage of the public, and it would be impossible for me to do my job if I can't warn my subscribers. Third, I am hoping to attract a California-based lawyer who wants to take my case on contingency, as I would like to file a counter-suit under California's anti-SLAAP law enacted in 1992 to stop frivolous suits like this.

Thank you for supporting this cause.

All proceeds beyond my actual legal costs incurred will be donated to the ACLU so that it can protect 1st Amendment Rights.