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September 18, 1997
Pressteck Says It Was Defamed On-Line
Presstek, Inc. sued three people it identified as short-sellers
for posting what it said were defamatory and inaccurate statements about
it in on-line chat groups. The lawsuit, filed in U.S. District Court in
Concord, N.H., claims that the three individuals posted a variety of false
statements about the company in the hope of driving down the company's stock.
Presstek, in Hudson, N.H., has developed an innovative printing plate used
by commercial printers. Its stock has been a favorite of short-sellers because
of wild rides - during the past year, it has traded between $19.75 and $54.
The company is frequently discussed on the Motley Fool electronic bulletin
board, available on American Online and the Internet, and on the Silicon
Investor Internet Web site.
Except from Wall Street Journal.