Description:Sir Elton John alleges he was defamed! And now the singer will sue 'The Times' newspaper for libel. Elton says the story implied that he was involved in a tax avoidance scheme. Reports say that 'The Times' issued one correction to the story, then followed up with a retraction. John's lawyers say that it wasn't good enough, and that it damages John's reputation in the sphere of charity fundraising.(0:50)