Monday, 22 September 2014
Last updated 2 days ago
May 10 2011 | 12:42pm ET
Moore Capital Management founder Louis Bacon can try to force Wikipedia and two other Web sites to disclose the identities of online commenters he says have defamed him.
A British judge approved Bacon's plan to e-mail a court order to the Wikimedia Foundation, Denver Post and Automattic, which owns blog platform WordPress, demanding they turn over the names of the commenters in question. Bacon hopes to sue those commenters for defamation.
But it is unclear that any of those companies, all based in the U.S., where libel laws aren't nearly as strict as in Britain, will comply. The judge in London indicated that Wikimedia would ignore a non-U.S. subpoena, while Automattic said it would remove allegedly defamatory materials in the wake of a court order, The Guardian reports.
The judge, Justice Michael Tugendhat, did warn Bacon that he "should put before the court evidence as to whether that method is permitted by the law of the country in which the claim form is to be served" in the future. The hedge fund manager last year launched a similar case against a U.K. company, which complied with the court order.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.