Published April 6, 2015 4:54pm EDT | Updated May 21, 2015 1:30pm EDT

Fraternity On Rolling Stone 'rape' Story Moves Closer To Lawsuit

The fraternity at the center of a retracted Rolling Stone magazine story about an alleged gang rape said it will pursue legal action against the magazine, according to media reports Monday. Phi Kappa Psi has not made a formal decision, however. On Sunday, an examination by Columbia Journalism condemned the report, concluding it was a "journalistic failure."