The Wall Street Journal said Thursday a libel lawsuit brought by billionaire casino magnate Sheldon Adelson against one of its reporters has been settled.
Lukas Alpert of The Journal writes, “Both sides agreed that the suit would be dismissed and that each side would bear its own legal costs, a Journal spokeswoman said. No money is being paid to settle the suit, she said. The article at the heart of the suit will remain online unchanged.
“A spokesman for Mr. Adelson’s Las Vegas Sands Corp. had no immediate comment.
“The suit, filed in 2013, accused the Journal’s then-Hong-Kong-based Asia gambling-industry reporter, Kate O’Keeffe, of libel, for a passage in which Mr. Adelson was described as ‘a scrappy, foul-mouthed billionaire from working-class Dorchester, Mass.’
“Mr. Adelson has said he isn’t foul-mouthed.
“A Journal spokeswoman said: ‘We are pleased that the parties have agreed that the suit will be dismissed. The Journal and Ms. O’Keeffe remain fully committed to continuing to provide fair and accurate reporting in all matters, including in our coverage of Mr. Adelson and his businesses.'”
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