Metropolitan News Company v. Daily Journal Corporation

7

8

9

10

11

12

13

14

15

16

17

SUPERIOR COURT OF THE STATE OF CALIFORNIA,

COUNTY OF LOS ANGELES

METROPOLITAN NEWS COMPANY,   )    BC161334
                             )
               Plaintiff,    )
                             )
    vs.                      )
                             )
DAILY JOURNAL CORPORATION,   )
                             )
CHARLES T. MUNGER,           )
                             )
               Defendants.   )
_____________________________)

The Metropolitan News-Enterprise has long reported on the courts. Its owner, the Metropolitan News Company, has now been in court as a plaintiff, pitted against an influential and monied rival. Its claim is that Charles T. Munger and an entity he controls, the Daily Journal Corporation, have used unlawful tactics in attempting to force MNC out of business.

The first trial was held in December, 1998. On one key issue, jurors voted 9-3 in favor of MNC, giving it the needed two-thirds margin, but on another key issue, the vote was 8-4 in favor of MNC. A mistrial was declared based on the deadlock. At a trial ending July 14, 1999, MNC lost.

It has now filed its opening brief in the Court of Appeal.

Below are links to articles on the trial.

Jury Selection to Get Underway in Metropolitan News Company's Suit Against Daily Journal Corporation
(news article, November 30, 1998)

A defendant in the case was Charles T. Munger, partner of Warren Buffett, and, in his own right, a successful investor, with $1.6 billion.

Charles T. Munger: a Tycoon Who Loves Monopolies
(column, June 1, 1999)

Read how other newspapers, unrelated to the Metropolitan News Company, view the case. Here are links to articles in the...

National Law Journal
The New Times