The New York Times has gone to court to recover its costs from a defamation suit filed against it by the Dfinity Foundation.
A U.S. judge dismissed the defamation claim against the Times. The paper now seeks to recover more than $100,000 in attorney fees and costs, according to the New York Law Journal.
The Dfinity Foundation describes itself as a not-for-profit organization of cryptographers, computer scientists and experts in distributed computing.
In 2021, the Times reported on an analysis by Arkham Intelligence Inc. of the rise and fall of the ICP Token, a cryptocurrency launched by Dfinity, the Law Journal reports.
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Dfinity sued the Times and the reporters for “five statements in the news article that were ‘false and defamatory,’” the report continues.
However, the district court dismissed the action after a motion by the Times and that decision was upheld by U.S. Court of Appeals for the Second Circuit.
“New York's anti-SLAPP law, therefore, requires that Dfinity pay the costs of The Times's defense,” says Danielle Rhoades Ha, senior vice president of external communications for the Times, according to the Law Journal. “Fee shifting is an important deterrent to frivolous lawsuits against the press and The Times looks forward to recovering its costs."
The case is on file with the U.S. District Court for the Southern District of New York.