Chapters takes action for libel against National Post
TORONTO, Aug. 1 /CNW/ - Chapters Inc. today announced it is immediately
delivering a Notice of Libel against the National Post for its July 29 and
July 31, 2000 series of 11 inaccurate and irresponsible articles that have
caused serious harm to the company's reputation. This is the first required
legal step in commencing an action for libel.
"The articles published about Chapters in the National Post on July 29
and July 31 contained numerous misleading statements, factual errors,
unfounded speculation, and inflammatory headlines," says Chapters CEO Larry
Stevenson. "Chapters is on solid financial footing and is ranked as Canada's
top retailer by Kubas Major Market Retailing Report and has been for the last
four years. The Post's 11-article-attack paints a distorted picture of
Chapters Inc."
Chapters' initial review of the articles identified more than 30 factual
errors, unsubstantiated allegations and misleading statements.
Chapters Inc. is a Canadian company and the largest book retailer in
Canada, operating bookstores in all provinces, under the names Chapters,
Coles, SmithBooks, LibrarieSmith, The Book Company and World's Biggest
Bookstore. Through Chapters Campus Bookstores, the company manages college and
university bookstores, including those at McGill University in Montreal and
Cambrian College in Sudbury. Chapters Inc. is the majority owner of Pegasus
Wholesale Inc., a national book wholesaler and Chapters Online Inc., an online
retailer of books, software, music CDs, videos, and DVDs through Chapters.ca.
Chapters Inc. is a publicly traded company, listed on the Toronto Stock
Exchange under the stock symbol CHP, and included in the TSE's top 300
companies, as well as in the S&P/TSE Canadian SmallCap Index.
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For further information: Kevin Lennon, (416) 322-3916 ext. 223 |
