The studios cranked out a lot of this type of film in the 1930s and 1940s, and this is an example of how cheap and silly they could be. The film overuses what begins as an interesting plot device - a radio dramatization of the news - so that it becomes flatly ridiculous. The story is way too complicated and progressively harder to follow as the picture progresses. The acting ranges from colorless (Kent Taylor) to hilariously over-the-top (Lilian Bond). In short, this is a real time-waster.
Review of Sued for Libel
