Someone needs to be held liable for sure. Which side will prevail? That's yet to be determined. A lot of people lost a LARGE amount of money today (including myself) all on account of someone's dishonesty...
Even though Hedge Fund Greenlight Capital / Einhorn settled their S Alpha lawsuit (per my earlier post), and S Alpha dug in heels, doesn't mean that a CTIX vs "Mako" the Shark shouldn't be filed, couldn't be won.
Shame all the progress as to the Science will like be pushed to the sidelines for the near-term. Will be interesting to see the CTIX response, which is def merited IMO.
S ALPHA "ANONYMOUS CONTRIBUTORS" POLICY http://seekingalpha.com/page/policy_anonymous_contributors "There are firm limits to this anonymity, however: Seeking Alpha holds our anonymous contributors to the same compliance and biographical standards as contributors who write under their own name. We insist on receiving the author's real name and contact information (which we keep confidential) and maintain a correspondence with the author, forwarding the author any questions or concerns that may emerge about their articles. Stock positions held by anonymous authors must also be disclosed."
"IDI Responds To Anonymous Blog Post After 50% Selloff, Says CEO And Chairman Just Bought Stock" "He actually felt that the article was so off-base and such a personal attack that he wanted to speak to counsel about potentially suing them for libel…slander." http://m.benzinga.com/article/5694505
Silvercorp had a similar case this scum bag wrote a similar article. The stock dropped 25 % silvercorp sued the author took him to court and the legal system dropped the case based on freedom of speech. Then the scum bag counter sued. The U.S. legal system is a complete mockery and sham. Seeking Alpa is also a complete sham used by these trolls as a portal to spread false rumours