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IHUB Trouble
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New $400 million dollar suit against IHUB
Investors Hub Sued in $400 Million Dollar Libel Case brought by Attorney Kenneth Eade
Attorney Kenneth Eade sues Investorshub.com, Inc. for libel in federal court, alleging that it is not entitled to immunity under Communications Decency Act
Los Angeles, California (PRWEB) February 12, 2011
Attorney Kenneth Eade filed a lawsuit yesterday against Investorshub.com, Inc. and several John Doe defendants for libel in the federal Central District Court of California in Los Angeles, Case No. CV11-01315 PA. The complaint, which requests $400 million in damages, alleges that Investorshub.com, Inc. is run by Matthew Brown, a serial stock manipulator and convicted securities fraudster, who sold the company to ADVFN, PLC and still manages its administration, that Investors Hub hires individuals to post on their bulletin boards under aliases to either post positive comments to promote a stock they seek to manipulate and encourage trading in, or to post negative comments on a stock they seek to manipulate down in price to protect short positions of their clients. It further alleges that Investors Hub inserts meta tags into the postings, which result in links to the posts being picked up in the top 10 word searches on Google and Yahoo. It alleges that Investors Hub protects and will not divulge the true identity of any alias, and that each bulletin board is supervised by a moderator, who has the power to edit and remove any post made by any alias poster, subject to the permission of Investors Hub, who also has administrators who post their alias names in conjunction with the moniker, “ADMIN.” The lawsuit alleges that the primary role of these ADMIN posters are to eliminate messages that are contrary to Investors Hub’s agenda, and that any post expressing any adverse point of view to the one desired by Investors Hub is removed, whether it violates Investors Hub’s terms of service or not, and that anybody posting messages contrary to that agenda will be temporarily or permanently banned from posting on its site, and all such messages will be removed.
The lawsuit charges Investors Hub and several alias posters with publishing false libelous statements about Eade, which were distributed throughout the Internet on other web sites and on the search engines “Google” and “Yahoo,” and which injured Eade in his professional and personal reputation, charging him with being a criminal, being a thief, having engaged in securities frauds and scams, having engaged in illegal actions and being dishonest as a securities lawyer. It alleges that Investors Hub participated in the development and creation of the libelous publications and the elimination of any contrary points of view, as an Internet content provider in addition to being a service provider, thus coming within the exception to immunity under the Communications Decency Act.
Reply With Quote 08-12-2011 02:50 AM #2
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Mina Mar Group Wins Slander Lawsuit against the Investors Hub
January 22, 2010
Link: http://www.legalradar.com/2010/01/mi...stors-hub.html
Mina Mar Group Inc. www.minamargroup.com/ (MMG) and Mina Mar Marketing Group www.minamargroup.net/ (MMMG) inform the public that the courts ruled in the favour of Mina Mar Group in slander lawsuit against Investors Hub.
Mr. Justice Belobaba, Ontario Superior Court of Justice awarded judgment in favor of Mina Mar Group, and awarded $75,000 in general damages, $10,000 in punitive damages and $20,000 for the trial costs to the company.
This was never about the money but rather principle. These stock bashers should not be allowed to destroy other peoples reputations and businesses with slanderous and malicious posts on the Internet
The court ruling can be seen on this link http://www.minamargroup.com/stock_bashers.php
Mina Mar Group wishes to quote some key declarations of the court:
"4... THIS COURT ORDERS that all negative, defamatory and libelous
postings, made by Posters and members of InvestorsHub.com Inc web site are
untrue and are and were made without any foundation nor basis for any of their
content
5... THE COURT ORDERS THAT the Defendants, Robert Zumbrunnen, Matt Brown
and InvestorsHub.com Inc. apologize and publicly retract the libelous
statements made against the Plaintiffs and that they shall send their signed
retraction to the Plaintiffs and publish the same on the web site,
InvestorsHub.com
6. THIS COURT ORDERS that Robert Zumbrunnen, Matt Brown and
InvestorsHub.com Inc. provide the names and addresses of the following of its
members and posters:
Stratey, itlogic, Jim Bishop, Janice Shell, Universal Trader, Rtso,
Livingstyle, Soyelpato, AccipiterO, strongtower, snow, peraire, and Fast Flyer
03, Strongtower, 1 summer, AccipiterQ, bob41, Buckley, soyelpato, greedy
malone, rolltide, marine-1, firelane, (and any other poster who makes
negative, libelous or defamatory statements against the Plaintiffs)
anonymously named John Doe (the foregoing collectively known as "The
Posters"). ..."
Mina Mar Group recently introduced the "Get the Facts Right" statement to our clients, which we remind all of our clients' shareholders to review before taking any advice from a stock board chat room. Most advisors have hidden agendas and prey on the unsuspecting.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet http://www.pinksheets.com/ filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
Vigorous enforcement of the court order including motions for contempt of court for any non-compliance will commence shortly in Florida.
*****
More Info Here: http://www.minamargroup.com/stock_bashers.php
