Michael F. Armstrong of Kirkpatrick& Lockhart has failed to prove his $35 million libel claim againstSimon & Schuster, a state judge ruled yesterday in dismissing an actionthat has been locked in hard-fought pretrial skirmishes all the way tothe New York Court of Appeals. The dispute centered on one paragraph inthe 1991 book, Den of Thieves, written by James B. Stewart.

Justice Barry A. Cozier,in Armstrong v. Simon & Schuster Inc., filed in Supreme Court,New York County, IA Part 3, ruled that Simon & Schuster � publisherof the book describing the investigation and prosecution of the insidertrading scheme that brought down the investment banking firm of DrexelBurnham Lambert � and its author and an editor had demonstrated “that theyreasonably relied on the information provided to them by various sourcesin publishing the pass a Armstrong claimed defamed him.

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