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An investor will have tofend off a civil suit for libel over a letter he wrote to a would-be buyerof a New Jersey steelmaker suggesting that the acquisition target had tiesto organized crime, a Manhattan Supreme Court Justice has ruled.Rejecting the defendant’smotion to dismiss the case, Justice Leland DeGrasse, in New Jersey SteelCorp. v. Lutin, Index No. 103400/96, said that the plaintiffs had madeout a case that the investor’s letter contained possibly false defamatorystatements, and that the author of the letter acted with the intent toharm.

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