NJ Court Vacates $2.85M Defamation Award For NuWave

Law360, New York (September 19, 2013, 4:43 PM EDT) -- The New Jersey Appellate Division on Thursday upended NuWave Investment Corp.'s $2.85 million award for a finance industry investigator's publication of allegedly defamatory statements, ruling that a jury in such cases can't award presumed damages on top of other, proven damages.

First Advantage Litigation Consulting LLC contended that the trial court erred by allowing the jury to hand $1.2 million in presumed damages — normal, expected losses from defamation that don't require a showing of actual harm — to NuWave and two principals and ordered a...
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