Word: libelous
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...properties. First, a small but determined group of stockholders, including some of the family that controls the company's voting shares, raised a ruckus about its weak performance, particularly at its Telerate unit. Then last week the company's star attraction, the Journal, got whacked with a $223 million libel judgment, the largest ever, courtesy of a Houston jury. The panel found the paper and one of its reporters, Laura Jereski, had libeled the investment firm MMAR Group Inc. The company went out of business shortly after the paper published an article that in part described an alleged skirmish between...
...affirmed, it would totally change the journalistic and legal landscape," First Amendment lawyer Floyd Abrams told the Journal. Dow Jones has $45 million in libel coverage for this case. Because libel law puts a heavy burden of proof on the accuser, most awards are reduced or thrown out on appeal, and the Journal is hoping that pattern holds. "We were chronicling the difficulties of this company; we did not cause them," managing editor Paul Steiger said in a statement...
HOUSTON: A federal jury ordered the Wall Street Journal to pay $222.7 million Wednesday for libeling a now defunct brokerage. The fine, the largest libel award ever handed down, stemmed from an article written by Journal reporter Laura Jareski that Money Management Analytical Research of Houston claimed contained false information and helped put it out of business. The seven person jury ordered Dow Jones & Co. which publishes the Journal, and Jareski to pay $22.7 million in actual damages, plus $200 million in punitive damages. A lawyer for Dow Jones said he would ask U.S District Judge Ewing Werlein to throw...
Within a week, Copeland had sued Rice for defamation and libel, Rice had reportedly tossed gold-colored rubber rats out of her midnight-black limo during the Mardi Gras Eve parade, and Copeland had ridden on a float with a stake holstered to his waist and a ring of garlic around his neck...
...compared Peninsula's beliefs to the dominant liberal ideology on campus. Apparently, a band of left-wing terrorists thought it would be amusing to create over two-dozen fraudulent posters that would lead the reader to believe Peninsula was a home for racists and bigots. The goal was to libel the magazine and ruin the good names of those associated with it; scaring off potential recruits was merely an added side benefit. The vandals, though, were too scared and embarrassed to sign their names; whereas Peninsula has always, and will always, proudly and publicly stand behind its positions...