The Telegraph is a newspaper that serves the St. Louis Metro-East. It was founded in 1836 as the Alton Telegraph by Lawson A. Parks.. On or about 1969, the Alton Telegraph was sued for defamation by a local builder, James C. Green. A jury awarded $9 million. The newspaper could not appeal unless it posted a $10 million bond, and instead declared bankruptcy, eventually settling for slightly more than its insurance limits. http://www. pointoflaw. com/archives/000820. php
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