No kidding, you'd think the title and first lines would be a pretty good clue.
Beware companies that attack short-sellers
Short-sellers play an important role in financial markets by exposing problems. Recent lawsuits threaten to silence them, and that could cost you money.
By Bill Fleckenstein
As regular readers know, I have not been shy about speaking my mind in public. But I must admit, it's rather alarming to think that a company potentially short on scruples can sue short-sellers for exposing the rot which (allegedly) lies within (and receive favorable primetime coverage, to boot). Consider the case of pharmaceutical maker Biovail (BVF, news, msgs) vs. hedge fund SAC Capital, research firm Gradient Analytics and Bank of America (BAC, news, msgs).