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Daily Mail pays $ 8 million to billionaire

March 20 2008
04:41

The British newspaper Daily Mail will pay U.S. billionaire casino owner Sheldon Edelson, 4,000,000 pounds (8,000,000 dollars) over the unflattering description of his manner of doing things. The decision was taken today, the High Court in London.

In May 2005 the Daily Mail devoted Edelson great article that called him "ruthless casino baron, has controlled the Las Vegas" and his manner of conducting the business described as "ruthless and despicable", which is comparable to the actions of "thugs." Billionaire took offense and filed for a newspaper to court, accusing her of spreading of it false and defamatory information. London's High Court considered these claims valid and, according to lawyers Edelson, ordered the owners of the newspaper to pay compensation in the amount of 4 million pounds.

Itself the amount would probably not matter much to Edelson, which, according to magazine Forbes, the owner of the 12 th largest private fortune in the world, observes the ITAR-TASS.
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