Silvercorp responds to New York court decision by filing appeal Silvercorp Metals reports that Supreme Court Justice Carol Edmead of the New York County Supreme Court yesterday granted motions to dismiss the defamation case Silvercorp filed last fall against short sellers and others responsible for publications falsely attacking Silvercorp. Silvercorp disagrees with the decision where Justice Edmead ruled that the "short and distort" publications are statements of opinion and not statements of purported fact; in other words the defendants simply had the freedom to express their opinions pursuant to their constitutional rights. The Company has today filed an appeal in the Appellate Division of New York Supreme Court. Despite this decision, Silvercorp believes that the action to date has succeeded in identifying the defendants that were initially anonymous and exposing certain of their activities. Justice Edmead's decision does not add any credibility or validity to the accusations originally leveled by the defendants.
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