The publishing house named in a $1.25-million defamation lawsuit launched by Conrad Black over the book Thieves of Bay Street has filed a Statement of Defence, refuting claims made by the former media baron.
Lord Black alleges that certain passages in the non-fiction book, which details corruption in North America’s financial sector, brought him “into hatred, ridicule and contempt in Canada,” according to a Statement of Claim filed in June 2012.
Editor’s Note: The following post comes to us from David Rosewater, partner focusing on mergers & acquisitions at Schulte Roth & Zabel LLP. This post is based on a Schulte Roth & Zabel report by Mr. Rosewater, John M. Pollack, and Neil C.
A combined Penguin and Random House would have sales of about $3 billion. The bigger market share would help them compete against Amazon.com and others.British publishing house Pearson said it's in talks to combine its Penguin book publishing unit with Random House Inc.