Late Friday, there was an unexpected update to my post last week, Naming Names and Getting Sued.
For those of you who might have missed it, the Media Bloggers Association announced
that Warren Kremer Paino Advertising, L.L.C. withdrew its lawsuit against blogger Lance Dustin.
This is clearly an upholding of First Amendment Rights and a victory for those that opposed to frivolous and heavy-handed lawsuits.
Also, Warren Kremer Paino Advertising, was probably feeling a little bit of heat from reporting in both the social media world, and the mainstream media.
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.