$425,000 Stockhouse Defamation Awarded by The Supreme Court I hope Daryl MacAskill aka stoxxman can afford this.....
$425,000 Awarded by The Supreme Court of B.C. $425,000 Awarded by The Supreme Court of B.C.
VANCOUVER, April 22 /CNW/ - D. Whittington, President and CEO of Farallon Mining Ltd. ("Farallon" or the "Company") (TSX: FAN) is pleased to announce that on March 30th, 2010, Farallon Mining Ltd., Farallon's Chairman Ronald Thiessen and Hunter Dickinson Inc., were awarded a total of $425,000 in a defamation case brought by the Company against Mr. Robert Butler.
Farallon Mining, on behalf of all the Plaintiffs, filed a lawsuit against Mr. Butler on October 5th, 2004 for posting various defamatory statements on the website at www.stockhouse.com. On March 30th, 2010, the Honourable Madam Justice Wedge of the Supreme Court of British Columbia, awarded each of the Plaintiffs general and punitive damages, while Mr. Thiessen was also awarded aggravated damages. The total damages awarded against Mr. Butler are $425,000. Madam Justice Wedge also awarded costs against Mr. Butler, as well as ordering a permanent injunction against him, restraining him from publishing any further defamatory statements against the Plaintiffs. The Plaintiffs intend to vigorously pursue enforcement of the Order against Mr. Butlerto the full extent permitted under the law.
D. Whittington said: "This is amongst the highest awards of its kind in Canada and will hopefully restrain others from issuing unfounded defamatory statements against companies that are trying to legitimately create value for shareholders, stakeholders and mining communities around the world. Farallon has been the subject of defamatory allegations for some time and our intention has always been to expose those making these allegations and then apply the rules of law to seek compensation. I am very pleased that the Court has ruled so convincingly in our favour. Shareholders can be assured that we will continue to be vigilant in defending their interests against such libellous accusations in the future. We stated we would bring those involved to justice and while it has taken longer than anticipated, in the end, justice has prevailed."
Further details of the Court Order are posted on the Company's website at www.farallonmining.com. The Company was represented in this action by Tom Hakemi of Hakemi & Company Law Corporation.