Verde sues over on-line accusations
2016-02-09 10:27 ET - Street Wire
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by Mike Caswell
Verde Potash PLC has filed a lawsuit in the Supreme Court of British Columbia against a pair of Stockhouse users who called the company a "huge fraud" and accused its chief executive officer of misconduct. The messages falsely implied that the company was a scam designed to personally enrich its CEO, among other things, Verde says. It is seeking an order restraining the defendants as well as appropriate damages.
The allegations are contained a notice of claim that Verde filed at the Vancouver courthouse on Feb. 4, 2016. The suit lists the defendants as a pair of unknown Stockhouse users who posted under the aliases "Brazilian" and "brazilinvestor1." The company complains about a series of messages that appeared over three days in February, 2014.
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| VERDE POTASH |
| Cristiano Veloso |
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$1.5 mil a year to run a junior? Says it all right there imo.
rick
Posted by rick at 2016-02-09 11:09
"About this CEO, there are a lot of mistakes and misconduct. There is no transparency. Know I ask: how can a CEO earn more than 1.5 million dollar in a year that he did nothing for the company?"
A lot of money for CEO...but a few years ago, many of these "lifestyle" companies flew under the radar. Guess this guy and his largesse of a pay cheque did not fare so well?
Posted by Da Crusader at 2016-02-09 11:49
A company from the UK using BC courts to sue somebody in Brazil, should taxpayers really be funding this?
Posted by David at 2016-02-09 12:21
Wow! Suing some guy in a favela (slum) in Brazil for his comments, seems a little extreme to me.
I'm not sure how any judgement will be collected.
Posted by Just Me at 2016-02-09 17:26
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