A UK High Court ordered Newsweek to pay more than £132,000 in indemnity costs after dismissing its attempt to wind up NW Publishing UK over a disputed debt.
IBT Media Inc. claims NW Media Holdings Corp. never paid for Newsweek in a disputed 2018 deal, declaring the agreement null and asserting continued ownership of the brand and assets.
Federal authorities have cleared Olivet University of human trafficking allegations, raising questions about Newsweek's reporting and CEO Dev Pragad's role in driving the narrative.
A federal judge has ruled that Olivet University's defamation lawsuit against Newsweek reporter Alex Rouhandeh may proceed, citing false claims and possible involvement in an alleged T-Visa conspiracy to fabricate human trafficking allegations.
Olivet University said it had no "shared ownership interests" with Newsweek Media Group. Still, a number of the media company's top executives have longstanding ties to the school and its founder, pastor and businessman David Jang.
The probe was likely looking at loans the company took out to purchase the servers. The investigation has been ongoing for at least 17 months, said a source.