If I may breach Nick Davies' copyright on Flat Earth News - which, incidentally, is a brilliant book...
"...The second thing to recognise about the Mail is that, more than any other newspaper in Britain, it deals in falsehood and distortion. There is a glimpse of this in our review of the records of the Press Complaint Commission....[Over the ten-year period investigated], the Daily Mail has been provoking justifiable complaint about unethical behaviour at just over three times the rate of the other national titles.
Not all of these successful complaints against the Mail involved falsehood and distortion. There is a recurrent theme of invading privacy [...] In one case, they published a photograph which allowed the victim of a sexual assault to be identified ()
But inaccuracy was the most common theme [list of examples]...
Sometimes, this is a matter of the Mail taking the truth and distorting it [...] In others, the problem is pure falsehood - the prisoner who was falsely said to have been given legal aid to sue because he had missed his breakfast [further examples]"
There then follows a page and a half of people who were rich enough to sue the Mail over their lies, and win damages. It continues,
"The Mail is deriving at least some of its commercial and political success precisely from the fact that it can play fast and loose with the facts and frequently have no fear of the consequences: the PCC bails them out; the victim can't afford to sue; or, if the victim does sue, the paper can live with the cost."
So no, I don't think they'd be too concerned about the damage caused to someone's life. Whether the story was true or not.