Friday, 27 November 2015
Last updated 1 hour 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…