The Philadelphia Inquirer and its publisher, Brian P. Tierney, have been hit with a libel suit by a Gladwyne, Pa., businessman who claims the newspaper set out to retaliate against him after negotiations between his company and the newspaper’s parent company to launch joint business ventures ultimately soured and were called off.

A lawyer for the Inquirer said the suit’s allegations are “unfounded” and that the newspaper looks forward to defending itself in court.

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