Money Management Executive

INVESCO Considers Defamation Lawsuit

Published July 03, 2001, 1:00 a.m. EDT

1 Min Read

INVESCO of Denver is considering filing a lawsuit against the Denver Post because of a column that ran last Sunday about the naming of Denver's new football stadium, INVESCO Field at Mile High, according to a spokesperson for the company.

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Earlier this year, INVESCO agreed to pay $120 million to secure naming rights for Denver's new stadium. The column quoted an unnamed top INVESCO executive who criticized the stadium's new name. 'We thought it was a mistake,' the column quotes the executive saying. 'Too much money. Too little return. And too many people don't like it. But it's Mark's baby, and that's what he wanted.' 'Mark' refers to Mark Williamson, CEO of INVESCO.

The larger accusation of the column was that the executive then said that people at INVESCO are calling the new stadium, 'the diaphragm,' referring to the female contraceptive, because of it's shape. In fact, INVESCO employees do not call the stadium by that name, according to Williamson.

It is unclear what INVESCO will do now, according to the spokesperson. There have been reports that it intends to file a lawsuit against the newspaper, however no legal action has been taken yet.

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Money Management Executive

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