Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond

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Bixly worked for XYZ Corp., a public relations firm. He knew that a competitor, Direct Relations Corp., was trying to take business away from XYZ Corp., so he intentionally spread a rumor that Direct Relations was in financial distress and about to file for bankruptcy. The rumor was false but Direct Relations went out of business as a result. It sued XYZ Corp. for libel. Does it have a good case?