Former ENERKON Solar International (ENKS) Chairman Benjamin Ballout has filed a $50 million defamation lawsuit against Radio Free Europe (RFE) and journalist Todd Prince in the United States District Court for the Southern District of Florida.
The lawsuit, filed pro se, centers on a series of articles published between May and December 2021, which Ballout claims contained false and misleading statements about him and his company. The legal action alleges significant financial and reputational damage, including an SEC trading halt on ENKS stock that negatively impacted shareholders and investors.
Key allegations in the lawsuit include claims that RFE and Prince intentionally published false information, potentially violated congressional appropriations laws by using U.S. federal funds to target an American citizen and company, and acted with malice in their reporting.
The legal complaint suggests the publications led to regulatory actions by the SEC, resulting in a temporary stock trading halt that Ballout contends caused millions of dollars in investor losses. Additionally, the lawsuit hints at potential violations of national security laws, referencing alleged foreign collusion with Russian intelligence and opposition figures in Ukraine.
Ballout’s legal action represents a significant challenge to media reporting practices and seeks to highlight what he describes as potentially illegal misinformation campaigns funded by government resources.
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