Group Files Opposition Against Entrepreneur Over Motion To Dismiss Lawsuit
Plaintiffs want opportunity to 'depose publisher and/or other executives.'
A group of investors suing Entrepreneur have filed an opposition to the magazine’s motion to dismiss its $178 million lawsuit.
The suit is over the inclusion of Agape World Media in Entrepreneur’s “Hot 100” list. The founder of Agape was later arrested and charged with a $370 million mail fraud as part of an alleged Ponzi scheme.
The opposition contends that the plaintiffs should be given the opportunity to depose “the publisher and/or other executives of Defendant magazine that had first-hand involvement in analyzing and compiling the Hot 100 List so that Plaintiffs may establish that Defendant was reckless and entertained serious doubts as to the truth of the Agape publication … Plaintiffs expect that discovery will allow them to, at a minimum, demonstrate that: 1) Defendant failed to take appropriate action before publication; 2) defendant profited financially as a direct result of including Agape in its Hot 100 list; 3) Defendant was aware prior to publication of the Hot 100 article that Agape had numerous outstanding/pending complaints against it; 4) Defendant was aware prior to publication of the Hot 100 article of Agape’s weak financial stature, but chose to ignore and otherwise disregard this knowledge; and 5) Defendant had serious doubts as to the truth and veracity of the information provided by Agape.”
In May, Entrepreneur filed to dismiss the case, citing rulings in similar court cases and said it is “under no duty to provide information with care to its readers.”