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COPYRIGHT 2005 Knight-Ridder/Tribune Business News
By Andrew Webb, Albuquerque Journal, N.M. Knight Ridder/Tribune Business News
Feb. 28--ALBUQUERQUE, N.M. -- A city penny stock company and one of its former vice presidents are locked in a legal battle over what can -- and cannot -- be said on the Internet.
Advanced Optics Electronics is suing Susan Blumenthal, a former vice president for communications for subsidiary company Biomoda, for $13.5 million. The suit claims she has posted false accusations online that have hurt business and ADOT's stock price.
Founded in 1996, the business says it is developing large flat-panel displays for outdoor signs and other applications. It has yet to complete a commercial installation of the technology.
Blumenthal, a freelance writer living in Placitas, has countersued ADOT and Biomoda for an unspecified sum, alleging the companies and their attorneys' "frivolous and malicious" lawsuits have damaged her reputation and cost her time...
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