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or Name

Multivision Communications Corp (2)
Symbol MTV
Shares Issued 9,696,296
Close 2012-05-24 C$ 0.19
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Multivision's Nazerali eyes big libel damages

2012-05-30 14:14 ET - Street Wire

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by Mike Caswell

Altaf Nazerali, the North Vancouver man suing the Deep Capture website in the Supreme Court of British Columbia for defamation, is seeking a summary judgment for statements that called him a terrorist and an arms dealer. He says the statements are "gravely and outrageously defamatory" and that the defendants are clearly liable. Mr. Nazerali does not specify an amount for damages, but cites other cases that resulted in judgments of up to $875,000.

The damages that Mr. Nazerali seeks stem a series of "chapters" on the Deep Capture site that link him with Mafia figures and an associate of Osama bin Laden, among others. He claims that the site accused him of being a drug dealer, terrorist, fraud artist, gangster, mobster and member of the Mafia. The defendants in the case include Patrick Byrne, operator of Deep Capture and of Internet retailer Overstock.com Inc. Also named was Mark Mitchell, a writer for Deep Capture.

Summary judgment motion

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