Faulk Libel Award is Cut to $550,000; Faulk Award Cut to $550,000; Court 'Shocked' by $3.5 Million High Punitive Damages 'Shockingly Excessive'
NYS Appellate Div upsets Faulk $3.5-million libel award as 'shockingly excessive,' orders him to seek new trial or accept $550,000
