Late Friday, there was an unexpected update to my post last week, Naming Names and Getting Sued.
This is clearly an upholding of First Amendment Rights and a victory for those that opposed to frivolous and heavy-handed lawsuits.
And as for the tactic of releasing bad news late on a Friday, my opinion is that it is a tired and dishonest tactic. Some people use it as a way to “mute” the news, which it often does for a day or two. However, Daniel Gross of Slate magazine and NPR cites a research paper written in 2004 (and updated in 2005) that shows the Friday release doesn’t work, at least not when it comes to stock prices of publicly-traded companies.
It remains to be seen if it worked for Warren Kremer Paino Advertising.