..."In the Court's prior order, Judge David Carter determined that internet message boards are, as a general matter, forums for the expression of opinion, not fact. " The statements were posted anonymously in the general cacophony of an internet chat-room which posts around 1,000 messages a week on GTMI…They were part of an on-going, free-wheeling and highly animated exchange about GTMI and its turbulent history. Importantly, the postings are full of hyperbole, invective, short-hand phrases…the posts are written with a great deal of linguistic informality." Turning to the specific posts, the court held that "reasonable readers would not take these posts to be anything more than a disappointed investor who is making sarcastic cracks about the company. The reasonable reader, looking at the hundreds and thousands of postings about the company from a wide variety of posters, would not expect that the defendant was airing anything other than his personal views of the company and its prospects..."
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