Silvercorp Files Appeal Against New York Court Decision

8/17/2012 8:32 PM ET

Silvercorp Metals Inc. (SVM.TO: Quote,SVM: Quote) said Friday that it has filed an appeal in the Appellate Division of New York Supreme Court against the decision of Supreme Court Justice Carol Edmead of the New York County Supreme Court, who granted motions to dismiss the defamation case Silvercorp filed last fall against short sellers and others responsible for publications falsely attacking the company.

Silvercorp said it 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.

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