  I study a multi-sender signaling game between an uninformed decision maker
and two senders with common private information and conflicting interests.
Senders can misreport information at a cost that is tied to the size of the
misrepresentation. The main results concern the amount of information that is
transmitted in equilibrium and the language used by senders to convey such
information. Fully revealing and pure-strategy equilibria exist but are not
plausible. I first identify sufficient conditions under which equilibria are
essentially unique, robust, and always exist, and then deliver a complete
characterization of these equilibria. As an application, I study the
informative value of different judicial procedures.
