Libel is a defamatory statement through written or other forms of communications and mediums
Defamatory statements damage not only a person’s reputation but can expose them to hatred, contempt, and ridicule and can cause economic damage to a person’s reputation, business, or profession.
A cause of action for libel against the defendant requires proof that the statements made about the plaintiff were false, defamatory, and harmful to the plaintiff’s personal, business, or professional reputation.
Example of Defamatory Damages To Business Reputation: Dominion Voting Systems v. Fox News:
Defendant Fox News Settled Case For $787.5 million dollars on April 24 of 2023.