Mr. Justice Belobaba, Ontario Superior Court Of Justice awarded judgment in favor of Mina Mar Group, and awarded $75,000 in general damages, $10,000 in punitive damages and $20,000 for the trial costs to the company.
This was never about the money but rather principle. These stock bashers should not be allowed to destroy other peoples reputations and businesses with slanderous and malicious posts on the Internet
The court ruling can be seen on this link http://www.minamargroup.com/stock_bashers.php
Mina Mar Group wishes to quote some key declarations of the court:
"4... THIS COURT ORDERS that all negative, defamatory and libellous postings, made by Posters and members of Investors Hub.Com Inc web site are untrue and are and were made without any foundation nor basis for any of their content 5... THE COURT ORDERS THAT the Defendants, Robert Zumbrunnen, Matt Brown and InvestorsHub.com Inc. apologize and publicly retract the libelous statements made against the Plaintiffs and that they shall send their signed retraction to the Plaintiffs and publish the same on the web site, InvestorsHub.com 6. THIS COURT ORDERS that Robert Zumbrunnen, Matt Brown and InvestorsHub.com Inc. provide the names and addresses of the following of its members and posters: Stratey, itlogic, Jim Bishop, Janice Shell, Universal Trader, Rtso, Livingstyle, Soyelpato, AccipiterO, strongtower, snow, peraire, and Fast Flyer 03, Strongtower, 1 summer, AccipiterQ, bob41, Buckley, soyelpato, greedy malone, rolltide, marine-1, firelane, (and any other poster who makes negative, libelous or defamatory statements against the Plaintiffs) anonymously named John Doe (the foregoing collectively known as "The Posters"). ..."
Mina Mar Group recently introduced the "Get the Facts Right" statement to our clients, which we remind all of our clients' shareholders to review before taking any advice from a stock board chat room. Most advisors have hidden agendas and prey on the unsuspecting.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet http://www.pinksheets.com/ filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
Vigorous enforcement of the court order including motions for contempt of court for any non compliance will commence shortly in Florida.
SOURCE Mina Mar Group