Justice Richard White found that a poster headline and tweets reading "Treasurer for sale" were defamatory.So, it seems virtually certain that, even if these figures are out a bit, Joe has probably lost a year's salary (at least) by virtue of his defamation "victory".
All other claims made by Mr Hockey were dismissed.
In the Federal Court today, Justice White ordered that Fairfax pay no more than 15 per cent of Mr Hockey's recoverable costs.
This means his legal bill is expected to be far in excess of the $200,000 he was awarded.
A source close to the case dismissed speculation Fairfax and Mr Hockey each incurred more than $1 million in legal bills.
However, the bill for both parties combined is expected to top $1 million.
If that is the case, Mr Hockey would net $250,000 from Fairfax in damages and costs but face a legal bill of about $500,000.
Wednesday, July 22, 2015
The very definition of Pyrrhic victory
Joe Hockey defamation trial: Treasurer to recover only small fraction of legal costs from Fairfax case - ABC News (Australian Broadcasting Corporation)