TheStreet.com Announces Hoenig Litigation Dropped.Business Editors/High-Tech Writers NEW YORK--(BUSINESS WIRE)--Aug. 13, 2003 TheStreet.com, Inc. (Nasdaq:TSCM TSCM technical surveillance countermeasures (US DoD) TSCM Tactical Strike Coordination Manager TSCM Tactical Strike Coordination Module TSCM Temperature Scram Circuit Monitor TSCM Tomahawk Strike Coordination Module ), a leading multimedia provider of financial commentary, research, analysis and news, announced today that it and financial commentator Jonathan Hoenig have dropped their litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. against each other. In February 2003, Mr. Hoenig had sued James J. Cramer and TheStreet.com, which publishes "RealMoney," the financial website that carries Mr. Cramer's column, for defamation. TheStreet.com and Mr. Cramer denied the allegations, and in July 2003 counter-sued Mr. Hoenig and his company, Capitalistpig LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , for unfair competition and other claims under federal and Illinois law relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc their use, since at least April 2002, of "James Cramer" and "Jim Cramer This article is about the television personality and host of Mad Money. For the champion Scrabble player, see Jim Kramer. James J. "Jim" Cramer (b. " as "meta-tag" keywords for Mr. Hoenig's capitalistpig.com website. Meta-tag keywords are used by web sites to describe their content for search engines. The parties voluntarily dismissed their respective claims against each other, and Mr. Hoenig agreed to ensure that his website does not employ any meta-tags relating to Mr. Cramer or TheStreet.com. Neither party paid any financial or other remuneration to resolve the claims. "We found it quite revealing," said Jordan Goldstein, TheStreet.com Vice President and General Counsel, "that Mr. Hoenig claimed in his defamation lawsuit to have been injured in·jure tr.v. in·jured, in·jur·ing, in·jures 1. To cause physical harm to; hurt. 2. To cause damage to; impair. 3. by Mr. Cramer, while all along, his company, Capitalistpig LLC, had been using Mr. Cramer's name as a meta-tag to attract traffic to its website." "We're very satisfied with this outcome," he continued. "We always considered Mr. Hoenig's suit to be baseless and are pleased to put it behind us." About TheStreet.com, Inc. TheStreet.com, Inc. (Nasdaq:TSCM), a registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in , is a leading provider of independent and insightful investment commentary, advice, research and news. Founded in 1996, the Company completed its initial public offering in May 1999. On the Internet, its premium, subscription-based Web site, "RealMoney.com" is accompanied by the professionally oriented subscription sites, "Street Insight," "RealMoney Pro Advisor," and the free, flagship site, "TheStreet.com." The Company also produces a suite of subscription services for use by professionals and self-directed investors, each designed to help a specific segment of the investing public make better-informed investing and trading decisions. |
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