Journal Hit with $222.7 Million Penalty
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 out the decision.
Most Popular »
- E.T. Turns 30: 10 Things You Didn't Know About Our Favorite Extra-Terrestrial
- Nevada Ghosts: Rare Photos From an A-Bomb Test
- Temple of Doom: Scientists Discover Peruvian Tomb Filled with Mummies, Infants
- 15-Year-Old Creates Test for Pancreatic Cancer
- Before and After D-Day: Rare Color Photos
- A Diamond Jubilee
- Marilyn Monroe: Early Unpublished Photos
- 10 Dangerous Products You Might Have in Your Home
- Etan Patz: After 33 Years, an Arrest in the Disappearance of the 'Milk-Carton Boy'
- Obama Stumbles? Why the President's Right to Talk About Bain
- Researchers Probe the Potential Health Benefits of Palm Oil
- A Visit with Turkey's Controversial Religious Movement
- Feeding the Planet Without Destroying It
- Bubble on the Potomac
- Falcon's Liftoff: How a Private Firm Could Change Space Exploration
- The Fatal Flight of the Superjet 100: Why Did It Slam Into a Mountain?
- Learning That Works
- The Man Who Remade Motherhood
- Bibi's Choice
- Seoul: 10 Things to Do
More News from Our Partners
Top Stories on TIME.com
Quotes of the Day »
RAY KELLY, New York City Police Commissioner, on the arrest of a New Jersey man in one of the nation's most baffling missing-children cases, the disappearance more than three decades ago of 6-year-old Etan Patz.
