I'm a little unclear on this entire question.
Are we afraid that someone will bring a lawsuit to shut down the board if someone posts something that casts some business in a bad light, and in fact lies about it?
Has this ever happened to any Internet bulletin board, anywhere, ever?
I have never heard of it. But I'm not saying it didn't happen. I just have never read a news story about such a thing, and I have been actively reading on the Internet for about 20 years now.
I just looked it up and found this, for starters:
"Can a Blog Be Sued for Defamation; Isn't It All Free Speech?
This is a knotty issue, but a short answer would be, generally, that a blog owner whose blog has published obnoxious materials can be held harmless while a blogger using the site can be liable. The Communications Decency Act of 1996 is a protector of blog owners. It states, in section 230, that it "precludes courts from entertaining claims that would place a computer service provider in a publisher's role." As to how the court sees blogs, in general, overall, the US Supreme Court has ruled that blogs are similar to news groups, saying "in the context of defamation law, the rights of the institutional media are no greater and no less than those enjoyed by other individuals and organizations engaged in the same activities."
For bloggers, all Defamation legal rules apply to their posts. But there are many complications in applying them. First, many people who post online comments, and probably those tending to make the most inflammatory and false statements, will do so anonymously, for obvious reasons. So the first threshold is identifying the blogger making Defamatory claims. Several things make this difficult, as well. Since the blogger probably will not identify themselves when the issue comes to light, there needs to be a legal process that allows identification. They can be traced by high-tech means, but a court must agree via summary judgment that all the elements of Defamation have been met. This technology does have some limits, as well, as it can be stymied through use of "Proxies," which mask the true origin of the blogger. Also, the website owner may not cooperate in the search, as well.
A recent case showed how powerful Defamation laws, applied online, can be. In November 2006, a Florida woman, Sue Scheff, was awarded $11.3 million in damages in Broward County Circuit Court, in one of the biggest awards ever tolled. The suit was filed for Internet defamation, and the jury found a Louisiana woman had posted caustic messages against the Scheff and her company, claiming she was a "con artist" and "fraud". The jury found the charges were completely false, so the Louisiana woman had no defense. Interestingly, Scheff's attorney had offered to settle the case for $35,000 before it went before the jury. "
