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Former ENERKON Solar International Chairman Files $50 Million Defamation Lawsuit Against Radio Free Europe

TL;DR

Benjamin Ballout seeks $50 million USD in damages from RFE, alleging defamation and financial harm.

Lawsuit filed in the U.S. District Court for the Southern District of Florida against RFE and Todd Prince.

Ballout aims to protect shareholders from false information and uphold corporate integrity.

Lawsuit reveals potential foreign collusion and impacts on financial markets by defamation allegations.

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Former ENERKON Solar International Chairman Files $50 Million Defamation Lawsuit Against Radio Free Europe

Benjamin Ballout, the former chairman of ENERKON Solar International (ENKS), has taken legal action against Radio Free Europe (RFE) and journalist Todd Prince, filing a $50 million defamation lawsuit in the United States District Court for the Southern District of Florida. The lawsuit, filed by Ballout himself, targets a series of articles published between May and December 2021, which he alleges contained false and misleading statements about him and his company, leading to significant financial and reputational harm.

The lawsuit outlines several key allegations, including the intentional publication of false information by RFE and Prince. It further accuses them of potentially violating congressional appropriations laws by using U.S. federal funds to target an American citizen and company, and acting with malice in their reporting. Ballout claims that these actions not only damaged his reputation but also led to regulatory actions by the SEC, including a temporary halt on ENKS stock trading, which he argues resulted in millions of dollars in losses for investors.

Moreover, the legal complaint raises concerns about potential violations of national security laws, suggesting collusion between the defendants and foreign entities, including Russian intelligence and opposition figures in Ukraine. This aspect of the lawsuit underscores the broader implications of the case, touching on issues of media integrity, the use of government funds in journalism, and the potential for foreign influence in domestic affairs.

The case represents a significant challenge to media reporting practices, with Ballout seeking to bring attention to what he describes as illegal misinformation campaigns funded by government resources. For more information on the legal standards surrounding defamation and media liability, visit https://www.law.cornell.edu/wex/defamation.

Curated from 24-7 Press Release

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