Lawyers for Michael Lewis, the author of “Liar’s Poker” and
“Moneyball,” asked a judge to dismiss a lawsuit by a bond manager who claimed
Lewis’s book about subprime mortgage investing, “The Big Short,” defamed him,
according to a Bloomberg report.
U.S. District Judge George Daniels heard arguments in
Manhattan today on Lewis’s motion to dismiss Wing Chau’s libel suit without
trial.
“The plaintiffs are limited purpose public figures and the
standard of actual malice has not been met,” Celia Barenholtz, a lawyer for
Lewis, said. “There’s not an iota of evidence Michael Lewis thought anything he
was writing was false.”
Chau owns Morristown, New Jersey-based Harding Advisory LLC,
which manages collateralized debt obligations, or CDOs, which are often backed
by pools of mortgage-backed securities. Chau sued Lewis in 2011, claiming that
“The Big Short” made “false and defamatory statements about him” and damaged
his reputation in the financial industry.
Chau also sued Lewis’s publisher, New York-based W.W. Norton
& Co., and a hedge fund manager, Steven Eisman, who was a principal source
of information for Lewis’s book……
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