The advent of the Internet, with its ability for anyone to send material in a way that can, in theory, reach millions of readers, has not only transformed the way we communicate, it has also transformed the way we litigate over our communications.

With the explosion of online chat rooms and Internet bulletin boards, the scope of the communications has also changed. The chat rooms and bulletin boards are now a mix of investors, corporate representatives, and scammers, with each feeding off the other and creating a pool of messages which may violate any one of a number of laws, including traditional tort concepts of defamation, as well as the antifraud provisions of the federal securities laws.

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