Crain’s Chicago Business was hit with a $38 million defamation lawsuit Friday by Phil Tadros, owner of Bow Truss Coffee Roasters.
Robert Feder reports, “His complaint filed in Cook County Circuit Court alleged that Crain’s published a ‘hit piece’ on Tadros and his business practices last July, resulting in setbacks to his companies and relationships.
“Among those named in the suit are Crain Communications, former Crain’s Chicago Business publisher David Snyder, editor Michael Arndt and reporter Peter Frost. In addition to damages, Tadros is seeking a retraction of the article.
“Through a representative, Crain Communications said it had no comment.”
Read more here. Feder also reports that Crain’s Chicago faces a libel lawsuit from the co-founders of the Chicago financial tech startup SoVesTech.