Longwei Petroleum (fka LPIH)

[xlt leader]

In researching the Deer lawsuit i found that the case against Geo :

The Court dismissed the complaint against Geoinvesting LLC, primarily on jurisdictional grounds,

They can't escape this time as the suite was filed in Pennsylvania where Geo is registered. I also noted that Geo has removed all references to Longwei on their website, comments, blogs etc.. why???

Here is a copy of the Sino Clean lawsuit. I can see why this one failed. They don't really rebut the allegations , they just say they are false and defamatory.

https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=tirVQewp3WvzBOnYdc3Bag==&system=prod

In reviewing the Silvercorp case and why it was dismissed by judge Edmead, what us interesting is that the ruling is constraint to the statements made. It is not a blanket allowance of defamatory statements that can be proven in a court. Therefore in this case the statements that Geo made in their article and every comment they made in the blogs and on their site will be admitted into evidence. That will be the criteria for determining the validity of Longwei's case.

That decision has broad implications for the suits against anonymous short-selling bloggers like Carnes, as Edmead acknowledged. "The court recognizes that this result could be viewed as a green light to those who could use this kind of vehicle to manipulate the market," she wrote in the August opinion. "However, the court is constrained to conclude that the challenged statements failed to support a claim for defamation." (Silvercorp counsel Stephen Crimmins of K&L Gates declined to comment.)

Some info on Jon Carnes aka (Alfred Little)

http://www.nyggroup.com/library/IPOresearch.pdf

The arrests of the Jon Carnes crime family – illegal stock short seller Jon Carnes and his gang members used 14 aliases and 42 various "Yahoo" chat room pseudonyms, duped the NASDAQ, FINRA, the SEC and the New York State Supreme Court: According to investigations by former law enforcement agents, illegal stock short seller "Fatty Boy" Jon Carnes (link) uses a total of 14 aliases and 42 Yahoo chat room names to hide his criminal activities. Jon Carnes's aliases include "Alfred Little", "EOS Holdings", "Andrew Wong", "IFRA", "Quantum Asset Management", "Drew Bernstein", "IFRA Group" and others… In July 2012, Jon Carnes's illegal activities, including fabrication of photos and documents, theft, money laundering, tax evasion, lies to law enforcement officials and corporate espionage, led to the arrests of Jon Carnes's gang members and the incoming prosecutions in early 2013 by two prosecutors' offices against Jon Carnes. Jon Carnes, his Chinese wife Liu Li (a Chinese national) and their fellow criminals may face up to 12 years each in prison. "Fatty Boy" Jon Carnes is currently a fugitive hiding in Vancouver. Jon Carnes made at least $10 million in illicit profits according to this Bloomberg article (link).

http://www.bloomberg.com/news/2012-05-09/short-seller-drops-muddy-waters-model-for-sec.html