Odey Asset Management founder Crispin Odey has withdrawn his £79m libel lawsuit against the Financial Times, conceding that the publication would likely succeed in defending its reporting on sexual misconduct allegations, according to a report by the FT.
In a letter issued by his legal team, Odey acknowledged he had been “forced to accept” that the FT could establish a public interest defence. The decision comes shortly after the newspaper disclosed the body of evidence it intended to rely on in...
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