Crispin Odey has dropped his £79mn libel claim against the Financial Times over its reporting of sexual misconduct allegations against him, acknowledging that the FT would win in its defence.
In a letter on Friday afternoon, lawyers for the former hedge fund boss said he had been “forced to accept” that the FT was “likely to succeed in establishing” its public interest defence.
Odey’s abrupt U-turn came only two months after the FT had served him with the substantial disclosure of the evidence that it intended to rely on in court, relating to its investigations into his behaviour.
您已阅读25%（586字），剩余75%（1747字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。