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Billionaire Sues WSJ Reporter for Libel

The suit does not name the newspaper or the article's co-writer


law book and gavelThe chairman of the Las Vegas Sands (NYSE:LVS) is suing a reporter over a brief description of him in an article published in the Wall Street Journal.

Sheldon Adelson has filed suit against Kate O’Keefe, a Hong Kong-based reporter for the Wall Street Journal, accusing her of libel in a Hong Kong court after she described him as a “scrappy, foul-mouthed billionaire” in a December article, the Wall Street Journal noted.

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Adelson is demanding “aggravated, exemplary and special damages.” The Wall Street Journal said it will represent O’Keefe in court.

The article in question related to a wrongful termination lawsuit filed by a former Las Vegas Sands executive. Neither the article’s U.S.-based co-writer, nor the Wall Street Journal, which is owned by News Corp. (NASDAQ:NWSA) are named in the lawsuit.

Shares of the Las Vegas Sands fell more than 1% in Tuesday morning trading, while News Corp. rose fractionally.

Article printed from InvestorPlace Media,

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