BELLINGS

New York Times correction over a college basketball player wrongly named at the scene of a shooting leads to $9.25 million jury verdict

“We’re disappointed the jury found The Times liable for an honest mistake,” spokesperson Charlie Stadtlander said in a statement Thursday.

“We’re disappointed the jury found The Times liable for an honest mistake,” spokesperson Charlie Stadtlander said in a statement Thursday.

BELLINGS Intelligence Score: 8

Why it matters

This is a legal verdict related to a media defamation case with no direct impact on credit markets, underwriting, or financial regulation, thus it is routine business activity with limited relevance to sophisticated credit professionals.

Sources