It's a Bad News Day at Forbes
Forbes has busy been laying off staff today. But the magazine is facing other problems, too. Billionaire Russian oligarch Alexander Lebedev now says he plans to sue the mag for reducing his net worth on its recent list of the world's richest people. "Forbes magazine claimed that I lost $2.5 billion in the global financial crisis," he told the Russian news agency, Interfax. "That's absurd. I will demand compensation of material and moral damage caused by this defamation." [Guardian]