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From the Daily Transom:

Jared Paul Stern has been notified that he will not be charged with a crime by the U.S. Attorney's office.

Since last April, Mr. Stern, a former Page Six writer, has waited on word from any law enforcement office regarding allegations of extortion or blackmail due to his interactions with supermarket billionaire Ron Burkle.

Joe Tacopina, Mr. Stern's lawyer, issued a statement to The Observer today:

"I have been informed by the U.S. Attorney's office that they are not proceeding with any case against Mr. Stern. We have said from day one that this was a campaign to spread lies based on false accusations fueled by Burkle's personal vendetta against the New York Post, and that there was never any evidence of wrongdoing on Mr. Stern's part."

Needless to say, this is huge, and as they also say, developing.

Jared Paul Stern To Not Be Charged [NYO/Daily Transom]

Earlier: Gawker's Coverage of Jared Paul Stern