The local newspaper runs a story that John Smith earns a second income at night as a high-paid escort. The next day the paper realizes that it made a horrible mistake and that, in fact, it is John Smyth (different spelling) who is an escort. The paper immediately runs a retraction and apology, even before the wrongly-identified John Smith is aware of it. Because the newspaper corrected its error before he filed a suit, the paper will be protected from a libel suit by Smith.
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