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US ISP sues for defamation

The Eagle wants to land someone in court

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US-based Eagle Broadband Inc has filed a defamation lawsuit against 25 unnamed net users for allegedly posting misleading information about the company.

In a lawsuit filed with the Superior Court of California the company alleged that the postings on bulletins boards and website were done to "drive down the value of its stock in order to reap profits for themselves".

The postings were made on financial message boards including Yahoo! Finance and Raging Bull and included "fraudulent statements about the financial condition and business activities of the company, erroneous information about the company's products...and personal attacks."

The company said it had uncovered what it described as "solid evidence" of "fraudulent and defamatory information being posted on various Internet sites".

In a statement David Micek, President and CEO of Eagle Broadband said: "While Eagle Broadband fully respects individuals' right to free speech, we will not tolerate deliberate misinformation campaigns that disseminate false and fraudulent statements that damage the company, our shareholders and the value of our stock." ®

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