Federal Court Justice Michael Lee has ruled Alan Davison, better known by his Twitter handle Stock Swami, repeatedly defamed sharemarket entrepreneur Tolga Kumova by using Twitter to accuse him of insider trading and misleading investors.
“Mr Davison did not prove substantial truth and he has no substantial truth or honest opinion defence. Accordingly, Mr Kumova is entitled to be vindicated and to be seen to be vindicated,” Justice Lee told the court in a decision on Monday.
Loading...
Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
