Legal Opinion
Pugh v. Tribune Co.
Court of Appeals for the Seventh Circuit
Decided April 2, 2008No. 06-3898, 06-3909PublishedCited by 247 opinions
1Opinion of the Court
EVANS, Circuit Judge.
In this consolidated appeal, we review two cases arising out of a fraud that occurred at a New York subsidiary of defendant Tribune Company. Certain employees at the subsidiary falsely boosted the circulation figures of two newspapers, Newsday and the Spanish-language Hoy, increasing the amount that they were able to charge advertisers and, in turn, inflating revenues. Tribune, along with an independent auditor, ultimately discovered and publicly disclosed the fraud, which resulted in a $90 million charge against earnings. Our first case is a securities class action…
2Cases cited19 opinions
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3Cited by247 opinions
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