Bill Ackman Is Going to Help Save Journalism
Defamation cases are hard to win in the United States. Starting with its 1964 ruling in New York Times v. Sullivan, the Supreme Court has required plaintiffs to meet a very high threshold of proof before American courts can hold someone liable for defamation. Whether something is simply false is insufficient; the justices have held that the allegedly defamatory material must be distributed with a “reckless disregard” for the truth.Anything less than that would violate the First Amendment’s guara