Xyience tries to sue blogger for 25 million

[stylesbjj**]

Links with details to the case are on the first page of this thread which was started by the blogger himself:

http://sherdog.net/forums/showthread.php?t=727859

I don't quite know whats exactly whats going on as I am not a legal or financial expert, but what I know so far is: A blogger reported on some funny business going on between the ufc, xyience, and the shareholders. Now Xyience wants to sue that blogger for 25 million.

Edit:
This guy sums it up better

Xyience were trying to sue this guy for $25million allegedly over defamation to their name when he, as an investigative journalist, delved in to the deep underbelly and workings of the company. It's essentially a case of a big business threatening someone for being a whistleblower on the shady goings on in their company, even though as a public company their workings are of public interest.

It is also related to UFC's / Zuffa's giant credit loan story where they essentially injected money into Xyience, so on paper Xyience could sponsor UFC for $15 million (even though it was Zuffa's money to start with) for the purpose of securing a loan for $200+ million.

Since Xyience filed for bankruptcy, their original lawyer left the case, and they jave reduced the claim of $25million in damages to $80k.

This journalist has represented himself and has been given a fair hearing from a reasonable judge and seems to be winning his case on the grounds of freedom of speech, and freedom of the press.

 

[Chonbody]

I wonder why the MMA writers such as Caplan, Luke T. as such haven't written about the case.

 

[RussianEmporer]

april fools ?

 

[stylesbjj**]

april fools ?

nah, this has been going on for weeks.