Tycoon Awarded Damages From Journalist

Published November 16, 2012

A journalist has been ordered by Reykjanes District Court to pay millionaire Jón Ásgeir Jóhannesson damages for a story he wrote on his business practices.
About a year ago, DV reports, journalist Svavar Halldórsson wrote a story about Fons, the company which used to own IcelandExpress. In 2007, Fons had allegedly lent some 3 billion ISK to another company, Pace Associates, in Panama. This money then allegedly ended up in the pockets of three men, including Jón Ásgeir.
Jón Ásgeir, denying any wrongdoing, promptly sued Svavar, the journalist who reported the story. He asked for 3 million ISK in damages and that the actual text of the story pertaining to him be deemed dauð og ómerk, meaning that it would be stricken from the public record, making it illegal to re-print those words again.
Svavar, in his defence, testified that his reporting was based on sources both oral and written, and that he did not have to answer for their validity himself. However, as the Grapevine has reported, Icelandic law pertaining to tort actually gives people the choice of suing a journalist’s sources for libel – or suing the journalist themselves.
Although the court did agree that Svavar had shown sufficient effort in trying to reach Jón Ásgeir for his side of the story, the court ruled that Jón Ásgeir had suffered damage to his reputation based on the story, and that Svavar must pay 300,000 ISK in damages.



News
Actavis Bought By Foreign Pharmaceutical Company

Actavis Bought By Foreign Pharmaceutical Company

by

Teva Pharmaceuticals Industries Ltd. has agreed to buy Allergan Plc, the parent company of Actavis, for $40.5 billion USD. In

News
Papers Will Continue After Acquisition

Papers Will Continue After Acquisition

by

The newspapers recently acquired by Vefpressan will keep coming, but one editor was very blunt about his feelings on working

News
Viking Festival: All The Great Things About The Dark Ages, Plus Access To Penicillin

Viking Festival: All The Great Things About The Dark Ages, Plus Access To Penicillin

by

Much to the disappointment of many holiday-goers, modern day Icelanders are pretty far removed from their Viking ancestors. Ceremonial sacrifices

News
Chief Icelandic Whaler Believes Australia Should Start Whaling, Too

Chief Icelandic Whaler Believes Australia Should Start Whaling, Too

by

Kristján Loftsson (pictured left), Iceland’s primary whaler, believes Australia should stop opposing whaling and start hunting humpback whales. In an

News
PHOTOS: Yesterday, Thousands Marched In Reykjavík SlutWalk 2015

PHOTOS: Yesterday, Thousands Marched In Reykjavík SlutWalk 2015

by

Spirits were high in downtown Reykjavík yesterday, as several thousand protestors took to the streets to march in the annual

News
Says Icelandic Products Need “Country Of Origin” Labels

Says Icelandic Products Need “Country Of Origin” Labels

by

The Federation of Icelandic Industries (SI) believes domestic production is damaged by a lack of “country of origin” labels on

Show Me More!