This is the kind of story that warms even the blackest of hearts (like mine, for example).
Following Nicole Eramo’s successful lawsuit against the pack of gossips and scandal-mongers led by Sabrina Rubin Erdely, the University of Virginia’s chapter of Phi Kappa Psi has pressed the gas pedal on its own state court claims against Erdely, Rolling Stone and Wenner Media. Phi Kappa Psi’s wait until the end of Eramo’s lawsuit was good strategy to get an idea of what the defendants would likely argue in its case.
on Monday, Phi Kappa Psi’s lawyers argued a motion to compel Jackie Coakley to comply with a subpeona for documents related to Jackie, Nicole Eramo, Sabrina Erdely, and the false rape claim. The presiding judge agreed with Phi Kappa Psi and ordered that Coakley would have to “substantially comply” with the order.
Phi Kappa Psi is seeking $26.4 million damages from the named defendants. The trial is scheduled for October 23, 2017.
With that in mind, let’s see how Rolling Stone and it’s parent company, Wenner Media, are doing:
According to the New York Post, Wenner is looking to sell its interests in Us Weekly for a cool $100 million. The leading horse in the race to buy is American Media Inc., owner of fine publications such as the National Enquirer and Star Magazine (Celebrity Gossip rags). Wenner is reportedly carrying about $60 million in debt. If the Nicole Eramo verdict is upheld, that makes $63 million. If Phi Kappa Psi wins its lawsuit, punch that total up to $89.4 million.