00:10:58 EDT Sat 27 Apr 2024
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or Name
USA
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Multivision Communications Corp (2)
Symbol MTV
Shares Issued 15,156,296
Close 2015-04-17 C$ 0.155
Market Cap C$ 2,349,226
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Multivision's Nazerali calls 2002 articles "outlandish"

2015-04-20 20:46 ET - Street Wire

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by Mike Caswell

Aly Nazerali continued to testify Monday afternoon in the defamation case he is pursuing against the Deep Capture website, answering questions about what he called "outlandish and sensational" articles that appeared in Stockwatch and the New York Post in 2002. The articles, as read by defence lawyer Roger McConchie, insinuated that Mr. Nazerali had connections to terrorists or terrorist organizations. They also linked him with Irving Kott, a notorious Canadian promoter from the 1970s.

The testimony is part of a lawsuit Mr. Nazerali is pursuing against Deep Capture and others for a series of chapters that appeared on the Deep Capture website in 2011. He complained that the chapters accused him of being a drug dealer, terrorist, fraud artist and gangster, among other things. The defendants include Patrick Byrne, the short-selling conspiracy theorist who runs Overstock.com Inc. and Deep Capture. Also a defendant is journalist Mark Mitchell. The men contest the allegations and are fighting the case.

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