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

MarketWatch Pulse

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."

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