Showing posts with label stock promoter. Show all posts
Showing posts with label stock promoter. Show all posts

Sunday, June 5, 2005

Mary Cummins wins Kathy Knight-McConnell lawsuit

On July 7, 2003, Kathy Knight-McConnell sued Mary Cummins for securities law violations, trademark infringement, defamation, and other claims in federal court in New York. At the time of the litigation, Knight-McConnell ran a forum for investor discussions and published a newsletter on various stocks. According to a court decision in the case, Cummins, a stock trader from California, posted statements on website discussion groups and on her own website describing Knight-McConnell as a securities fraud "criminal" and "paid to lie to investors," among other things.

In addition, Knight-McConnell alleged that Cummins intentionally maligned certain stocks that she promoted in order to drive their price down in violation of the securities laws. Knight-McConnell also claimed that Cummins violated trademark law by linking to Knight-McConnell's website without permission, using Knight-McConnell's name in the post-domain path of URLs for seven of her web-pages, and posting links on Internet chat forums and discussion boards directing users to visit these pages.

In a July 2004 opinion, Judge Naomi Reice Buchwald dismissed the securities and trademark claims. The court indicated that Knight-McConnell had no standing to bring a securities law claim because she did not allege that she purchased or sold the stocks in question in reliance on any statement by Cummins. The court dismissed the trademark claim because linking to Knight-McConnell's site without permission was not likely to cause confusion as a matter of law:

"Even if we assume that plaintiff's name is a valid and protectible mark, plaintiff has not alleged that the defendant engaged in any conduct that is likely to cause confusion as to the origin of the defendant's website. The mere appearance on a website of a hyperlink to another site will not lead a web-user to conclude that the owner of the site he is visiting is associated with the owner of the linked site. This is particularly true in this case because defendant's website advertises real estate and web design services, not investment services, and defendant is continuously dissassociating herself from plaintiff by criticizing her and accusing her of misconduct."

Judge Buchwald also determined that using Knight-McConnell's name in URL paths was not likely to cause confusion as a matter of law because a URL "merely shows how the website's data is organized within the host computer's files" and does not suggest affiliation, source, or sponsorship.

Looking at Knight-McConnell's many state law claims, Judge Buchwald determined that the complaint likely stated a cause of action for defamation, but that a defamation claim was not sufficient to confer personal jurisdiction on the court. Buchwald indicated that Knight-McConnell's tortious interference with contract claim might be sufficient to establish jurisdiction under New York's long-arm statute, but that Knight-McConnell had failed to adequately plead this cause of action. The court dismissed the complaint without prejudice and granted Knight-McConnell permission to amend her complaint.

Knight-McConnell amended her complaint, but, upon a renewed motion by Cummins, Judge Buchwald dismissed the case for lack of personal jurisdiction in June 2005.

Full docket report
http://www.freecourtdockets.com/Dockets/Knight-McConnell-v-Cummins-1-03-cv-05035-New-York-Southern-Federal-District-Court-Docket-Page-1-87407-87407.htm

Independent review of the case by Citizen Media Law Project. I have no idea why these people had an interest in this frivolous case. Of course this was the very beginning of internet law.
http://www.citmedialaw.org/threats/knight-mcconnell-v-cummins

Mary Cummins is a real estate appraiser in Los Angeles, California. She also advocates for the protection of investors from stock scams especially those perpetrated by company paid stock promoters. She aided the SEC in their prosecution of stock promoter John Westergaard in 2000 and 2001. She also warned investors about stock scams involving the following companies, TMOT Titan Motorcycle Company, EZR Easyriders, UMCC Ultra Motorcycle Company, NPCT Nanopierce, JNOT Jag Notes and others.

Kathy Knight-McConnell was a company paid stock promoter at the time of the lawsuit. She worked for Nanopierce symbol NPCT. NPCT was never profitable.

Here is her old website. I saved copies of all of it. Click "about" to see her photo of herself. Click "boycott raging bull" to see how she feels about me. Click "NPCT" to see her paid tout job.
http://web.archive.org/web/20030206180859/http://investortoinvestor.com/

Pdf copy of the docket from Pacer

http://www.marycummins.com/kathy_knight-mcconnell_vs_mary_cummins_docket.pdf

I wish I could find her original complaint. I had to read it three times just to try to figure out what the hell she was suing me for. It was all over the place. Finally figured it out and replied.

May 25, 2004. MEMORANDUM IN SUPPORT OF
DEFENDANT’S RULE 12(b) MOTIONS TO DISMISS FOR LACK OF
SUBJECT MATTER JURISDICTION, LACK OF PERSONAL
JURISDICTION, IMPROPER VENUE, and FAILURE TO STATE A CLAIM

http://www.marycummins.com/knight_mcconnell_motion_to_dismiss.pdf

Knight-McConnell then filed a motion to strike my motion to dismiss claiming I had a ghost writer. March 25, 2005 Judge Naomi Reice Buchwald orders me to "send an affidavit attesting to the fact and explaining how you obtained the legal scholarship that is reflected in the motion papers." It's called being stressed out of your mind that you are being sued so you stay up many long nights researching how to write and file papers. This was also my second pro se lawsuit as a defendant. I was previously sued for something similar in a Philadelphia court, see Ashton Technology vs Mary Cummins. I learned a lot from JohnDoes.org . They pointed me in the right direction to similar cases. I also learned a lot from Silicon Investor "Investment chat board lawsuits" thread. A lawyer did not write any of my documents or help me in any way.

http://www.marycummins.com/knight_Mcconnel_judge_order.pdf

April 26, 2005. The judge is satisfied with my affidavit. Plaintiff's motion to strike defendant's motion to dismiss is denied.

http://www.marycummins.com/knight_mcconnell_motion_denied.pdf

Knight-McConnell filed an amended complaint and I replied
http://www.marycummins.com/mary_cummins_reply_to_knight-mcconnel_amended_complaint.pdf

PIKE & FISCHER INTERNET LAW & REGULATION review of case. Note, I never had to pay any fees because the court never had jurisdiction over me. I should have never been served in the first place. The final current docket reflects this. I'm amazed they wrote such a lengthy article about this frivolous case. This was the beginning of internet law so maybe that's it. Or maybe it was because it was a pro se vs a pro se?

http://techlawadvisor.com/docs/knight-mcconnell.pdf

I found my old due diligence page for Kathy. None of the links work. Note, the photo of Kathy in question was posted on the main page of her own website. I added the "toxic funding is awesome!" part, that's it. This is a photo she herself had on the main page of her website.

http://www.marycummins.com/kathy_knight-mcconnel_stock_promoter.html

Mary Cummins wins lawsuit, Los Angeles, California, real estate, Animal Advocates

Mary Cummins wins lawsuit, Los Angeles, California, real estate, Animal Advocates

Mary Cummins wins lawsuit, Los Angeles, California, real estate, Animal Advocates

Mary Cummins wins lawsuit, Los Angeles, California, real estate, Animal Advocates


Tuesday, November 25, 2003

Mary Cummins comment to the SEC


My comment to the SEC on a proposed rule for short sales

From: MMMARYinLA@aol.com
Sent: Tuesday, November 25, 2003 1:48 PM
To: rule-comments@sec.gov
Subject: File No. S7-23-03

I have read a few articles about the new shorting regulations and would
like to comment. I believe that in order to have a balanced market the
investor should be allowed to play the market up and down equally with
the same set of rules. If there are not enough shares to borrow to cover
short positions, a short squeeze occurs and the price shoots up artificially
to the benefit of the "long" investors and companies. This balances out the
market. Someone can also borrow shares to play them in an up trend through
leverage. Borrowing is borrowing, if one plays it up or down. Investors need
to be able to play markets up and down. That's capitalism, that's the
American way.

I also believe that it is the broker who is responsible for processing the
paperwork and following the rules. The investor just puts in an order and
has no idea how that order is executed or what regulations are involved. With
that said I have a few more comments about the entities who are begging the
SEC to stop all this "criminalistic naked shorting that is taking food out of
orphans mouths."

The people who have filed suits over this naked shorting issue are not newly
formed innocent small companies selling shares to raise capital for legitimate
business activities. They are not 100% owned by Joe average investor. They are
owned by insiders, investment companies, stock promoters and major risk takers.
Take a look at some of these companies. Nanopierce NPCT is run by a CEO who
was sued three times by you, the SEC for fraud. The stock promoters were also
sued by the SEC for their fraud in hyping the stock price up. It's worth about
.001 yet went to over $6. Why didn't the company complain about that "artificial"
movement? Because they paid promoters to move the price up as per your own
lawsuit. A large investor is currently suing the company for fraud. Based on
what I know, this company is guilty of securities fraud. This company has
promised profits since 1999 and is on the verge of bankruptcy without meeting
any of its projections. Most of their press releases have turned out to be
unverifiable hype if not outright lies. They even agreed to do toxic funding
knowing full well that their shares would be shorted. Insiders may have even
shorted the shares themselves through holding companies. They used this shorting
to help fund the company. Without shorting, the company would be bankrupt and now
they complain? The SEC has allowed them to fraudulently hype the share price UP
yet now the company asks the SEC to make it even more difficult to short the price
down to it's true value. That is not a balanced market. That is one doomed to
collapse on a larger scale.

There are others on this list which I believe are total stock scams. They have
hired many stock promoters to hype the share price up fraudulently through
newsletters, message boards, "investor conferences," and direct marketing. These
promoters are telling people invested in these stock scams to copy/paste their
comments to the SEC en masse so you will be influenced artificially to change the
regulations. This is the same way they artificially hype share prices up. Please,
read these comments individually.

I follow stock scams so I can alert authorities and investors so the true few
innocent investors won't be scammed. I watched an elderly gentleman invest in a
total scam believing all the hype only to lose his entire retirement fund. Last
I spoke to him he was considering suicide over telling his wife that he lost all
their money. He was never heard from again. I have been sued by these fraudulent
stock promoters just so they can try to silence my honest information about bad
investments. I don't even short these stocks or profit in any way. I also helped
the SEC in two securities fraud cases. If anything, the SEC should be going after
these scamsters even more.

Shorters tell the public the truth about stock scams and loser investments.
Shorters are generally sued frivolously because of releasing honest negative
information. They are doing a service to the public. They regulate the markets
better than the SEC. They should be allowed to play the stocks down just as
others are allowed to play the stocks up. There must be financial gain in order
for them to bear the huge risks and costs involved in releasing negative news.
Why in America do we think that we should only speak positively. That is what
causes our stock market collapses. It's bad enough the major news distribution
companies will not allow negative news to be released about any company unless
it comes from the company itself or they give expressed permission. The US
investor is only allowed to see positive news. All these factors make shorting
a necessity in these markets. If markets were allowed to go up and up, the entire
market would eventually collapse. We need shorters to let out a little market
steam from time to time so the entire market doesn't explode and collapse. Please
allow the markets to be balanced naturally by honest capitalism. It will help
sustain a healthy market and will help all investors in the end.

Mary Cummins
"Just say NO to stock scams"
MMMARYinLA@aol.com
Los Angeles, CA
_____________________

http://www.sec.gov/rules/proposed/s72303/mcummins112503.txt


Mary Cummins of Animal Advocates is a wildlife rehabilitator licensed by the California Department of Fish and Game. Mary Cummins is also a licensed real estate appraiser in Los Angeles, California.


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