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Libel Suit Tossed Out
Philadelphia actor, boxer and personality Randall "Tex" Cobb probably will not be receiving $10.7 million that he earlier won in a libel suit.
The original award to Cobb was to come from Sports Illustrated Magazine.
The judgment was to punish Sports Illustrated for print that as a professional fighter, Cobb was part of a "fix" in a boxing bout between himself and Paul "Sonny" Barch.
The magazine also reported that Cobb had used cocaine after the fight.
The judgment that he won from a jury was just overturned, unanimously, by a three-judge panel of the Sixth U.S. Circuit Court of Appeal.
Their decision stated that Sports Illustrated could not be held liable for recklessly disregarding the ruth.
The magazine...