Article: LARGEST LIBEL AWARD EVER GOES AGAINST DOW JONES WALL STREET JOURNAL MUST PAY $222 MILLION.(Business)

Byline: Daniel Fisher Bloomberg News

HOUSTON -- STOCK WATCH

Dow Jones & Co.: $42.25, fell 63 cents.

Dow Jones & Co. was ordered to pay $222.7 million to a Houston bond firm in what lawyers said was the largest libel verdict in U.S. history.

After a day and a half of deliberations, a jury in U.S. District Court found that the publisher of The Wall Street Journal destroyed MMAR Group Inc.'s business with a 1993 article that portrayed the firm and its principals as reckless ``bond daddies'' who defrauded their customers.

Wall Street Journal Managing Editor Paul Steiger said Dow Jones plans to appeal. ``We were chronicling the ...

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