updated 3/3/2011 1:18:22 PM ET 2011-03-03T18:18:22

NEW YORK, March 3, 2011 (GLOBE NEWSWIRE) -- The Wall Street Journal issued the following statement regarding a French court ruling against Alstom SA in a libel action against a Journal reporter and Alstom's subsequent statement on the matter:

On Tuesday a French court threw out a libel claim against a Wall Street Journal reporter. Contrary to Alstom's recent statement, the court's decision vindicated the Journal and its reporter, David Crawford. The court noted that Mr. Crawford is an experienced and distinguished reporter who conducted a thorough and "serious investigation" about a matter of significant interest. We are very pleased that the court dismissed Alstom's claim and that the company has wisely decided not to pursue an appeal.

About The Wall Street Journal

The Wall Street Journal is the world's leading business publication with more than two million subscribers and is the largest U.S. newspaper by total paid circulation. The Wall Street Journal franchise, with a global print audience of 3.5 million, comprises The Wall Street Journal, The Wall Street Journal Asia and The Wall Street Journal Europe. The Wall Street Journal Online at WSJ.com, the leading provider of business and financial news and analysis on the Web with more than one million subscribers and 21 million visitors per month.  WSJ.com is the flagship site of The Wall Street Journal Digital Network, which also includes MarketWatch.com, Barrons.com, AllThingsD.com and SmartMoney.com. The Journal holds 33 Pulitzer Prizes for outstanding journalism, and, in 2010, was ranked No. 1 in BtoB's Media Power 50 for the 11th consecutive year. 

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CONTACT:  Media Contact:
          Howard Hoffman
          Vice President, Corporate Affairs
          (609) 520-4765

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