What we've learned from the great newswire hoax of a year ago
Unwitting dupes. That's how a judge described Internet Wire and Bloomberg when they distributed the 'news' last August that Emulex's chief executive officer had resigned and its earnings estimates were overstated - information that, unknown to them, didn't come from the company and was intentionally false. But simply being negligent or not following their own standards by taking a phony press release at face value doesn't make a company liable, Judge Milton Pollack determined June 19 when
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