Is this applicable only in California, or other states as well?

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Thats true. Individual poster can be sued but the actual owner of the Board cannot. However, if you are a Board owner you will be involved in the discovery process since you know who the poster is and have their IP address. So you will still be involved you just wont have to pay damages.

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Because you already yelled 'dropping prices!!!' after Red Light canned you. - Gia Jordan to Brandon Iron