This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

BeachMint Addresses PandoDaily Refusal To Retract And Correct Indisputably False Assertions About The Company In July 2, 2013 Article

SANTA MONICA, Calif., July 16, 2013 /PRNewswire/ -- On July 2, 2013, PandoDaily published an article with the following headline:  "BeachMint board ousts founders, company returns 20 million to investors."

That headline made two assertions that were and are false:  The board has not ousted its two founders, Josh Berman and Diego Berdakin; and no capital, much less $20 million, has been returned to investors.

The reporter who published this story, for PandoDaily, Michael Carney, never attempted to call either Mr. Berman or Mr. Berdakin or any of BeachMint's Board to verify these assertions.

Two weeks later, without any correction and retraction, the editor-in-chief and founder of PandoDaily, Sarah Lacey, on the telephone and via several emails, was asked by BeachMint's advisor, Lanny J. Davis, to publish a correction and retraction of these false assertions and an apology for not calling Messrs. Berman and Berdakin for confirmation or denial before publication -- an omission that is a fundamental violation of the rules of journalism and fairness.

Ms. Lacey, while not claiming that the two factual assertions in the headline were true, still refused to publish a correction and retraction and an apology for not calling Messrs. Berman and Berdakin first, an omission she did not dispute.

BeachMint trusts that its customers, employees, and others who have followed the company will take into account Ms. Lacy's and PandoDaily's refusal to correct and retract indisputable falsehoods about BeachMint and its senior officials in the future when judging the credibility of anything else appearing in PandoDaily about BeachMint.  

Messrs. Berman and Berdakin and Mr. Davis are available for comment on request. 

ABOUT BEACHMINTBeachMint is a venture backed social commerce company founded by serial tech entrepreneurs, Josh Berman (Co-Founder MySpace) and Diego Berdakin. BeachMint partners with celebrities, experts and designers to create and curate direct to consumer online brands. BeachMint launched their first brand,  JewelMint, with Kate Bosworth and celebrity stylist, Cher Coulter, in October, 2010;  StyleMint with Mary-Kate Olsen and Ashley Olsen in July, 2011;  BeautyMint with Jessica Simpson and celebrity skincare expert, Nerida Joy, in October, 2011;  ShoeMint with Rachel Bilson and Nicole Chavez in collaboration with America's iconic shoemaker Steve Madden in November 2011HomeMint with Justin Timberlake and celebrity stylist and interior designer, Estee Stanley, launched May 2012; and  intiMINT with creative director Brooke Burke-Charvet, launched June 2012.

SOURCE BeachMint

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs