This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

Vancouver promoter Robert Gardner has filed a defamation suit in the Supreme Court of British Columbia against John B. Good, complaining about an on-line message that accused him of defrauding investors and breaking securities laws, among other things. Mr. Gardner says the message, which appeared beneath a Stockwatch Street Wire, was completely false and damaged his character and professional reputation. He is seeking an appropriate damages award as well as an order barring future posts.

The allegations are contained in a notice of claim that Mr. Gardner filed at the Vancouver courthouse on Monday, Nov. 5. The suit claims that Mr. Good is a major shareholder of GeoNovus Minerals Corp., a company with a copper property in Arizona.

According to the suit, Mr. Good anonymously wrote a message in the comment section under a Stockwatch Street Wire on Sept. 13, 2012. The message, which is quoted in full in the notice of claim, read: "Robert Gardner's partners are Don Rutledge and his wife, Leslie, who fronts for him, as Rutledge is essentially persona non grata in equity markets in Canada and the US. That should tell you all you need to know about the credibility of the projects. When Gardner was discovered attempting to lure GNM insiders into an illegal share transaction, GNM tried to distance itself from the situation. ... If this ever gets before a Judge, he won't be impressed with the fact that Gardner and crew were engaging in this type of despicable behavior. It's shameful. Rudledge's [sic] wife was nominated by Robert Gardner to create an offshore company named Eurogold to be the designated entity for such a scheme. Naturally the management of GNM chose to escape any such effort to defraud investors and avoid the notion of contravening securities regulations. Gardner's actions display a blatant attempt to smear GNM and to keep money he is not entitled to."

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS