Valassis Wins $300 Mil in Suit Against News Corp. Unit
A Michigan court judge awarded newspaper coupon company Valassis Communications $300 million in damages in a lawsuit against a News Corp. subsidiary.
Valassis claimed that News America Marketing engaged in unfair competition and "tortious interference." A jury found News America Marketing liable for both counts. Valassis also has lawsuits pending against the News Corp unit in a federal court in the Eastern District of Michigan and the California Supreme Court.
News America says it will appeal the decision. Chris Mixson, president, says the lawsuit was "part of a larger strategy to get News America Marketing to raise its prices, a move that would have affected both our clients and their consumers by reducing the number of coupons available."