Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Australian treasurer wins defamation suit, but hit with hefty bill

Published 22/07/2015, 08:43
© Reuters. Australia's Treasurer Joe Hockey holds a news conference at the IMF-World Bank annual meetings in Washington

By Byron Kaye

SYDNEY (Reuters) - The Australian treasurer's partial victory in a defamation suit against a newspaper publisher took a sour turn on Wednesday when a court ordered he pay 85 percent of his legal bill, a result widely expected to leave him out of pocket.

Conservative Treasurer Joe Hockey, whose government took power in 2013 on a platform of responsible financial management, was "unrealistic" in his claim for Fairfax Media Ltd to pay all his costs, a Federal Court judge said in a ruling obtained by Reuters.

Rather, Fairfax should pay just 15 percent of a legal bill for Hockey widely expected to top A$1 million (475,185 pounds) "as in those proceedings he failed on the matters which were the real core of his claim", the ruling said.

That compares to the A$200,000 in damages the court awarded Hockey after it found Fairfax and its newspapers The Sydney Morning Herald and The Age defamed him in a series of posters and tweets promoting an article about his fundraising activities. It rejected Hockey's claim that the articles themselves defamed him.

"Whilst the cost of this action has been considerable for me, my family and friends, it has been far greater for Fairfax Media," Hockey said in a statement.

Hockey began proceedings in May 2014 following the publication of an article by the newspapers centring on his connection to his conservative Liberal Party's fundraising group.

The court upheld Hockey's claim that a poster headline and tweets reading "Treasurer for sale" implied that he could be bought by political donors.

"Had Mr Hockey sued only on the ... poster and the two tweets ... the proceedings would have been much more confined and, possibly, may not have involved a trial at all," said the court ruling.

© Reuters. Australia's Treasurer Joe Hockey holds a news conference at the IMF-World Bank annual meetings in Washington

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.