Bad news for Bloomberg L.P. and its co-defendants in a libel suit: the U.S. Court of Appeals for the Second Circuit breathed new life back into the case Tuesday.

The panel of Circuit Judges John Walker Jr., Peter Hall and Denny Chin in Friedman v. Bloomberg, 16-1335-cv, largely upheld the decision by U.S. District Judge Alvin Thompson of the District of Connecticut dismissing defamation allegations by the subject of an article by the media company.

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