New Visual Entertainment, a developer of broadband transmission
technology, yesterday announced that it has reached an out-of-court
settlement with an anonymous poster of defamatory comments on a
financial message board.
The lawsuit alleged that various persons posted false,
misleading and defamatory information about New Visual and its
business practices and management on the Raging Bull web
site.
New Visual reached its settlement with someone identified only as
“wbe,” who has now stated:
“wbe hereby fully and publicly retracts each
and every one of its messages regarding New Visual Entertainment
Inc. posted on the Raging Bull message board.”
The settlement agreement contains additional provisions in which
“wbe” further represented that it has not at any time purchased,
offered to purchase, traded, sold or offered to sell New Visual
stock, whether as a broker, agent or principal. “wbe” agrees to
never again post messages on any public forum as “wbe” or any other
pseudonym.
