Banker Crispin Odey drops £79m Financial Times libel case

Crispin Odey drops his libel case against the Pink 'Un

The disgraced financier had been seeking £79 million in damages over reports alleging that he had sexually assaulted several women

Banker Crispin Odey drops £79m Financial Times libel case

Former City banker Crispin Odey has dropped his £79m libel case against the Financial Times. The move comes almost two years after he filed the claim and three years after the FT and Tortoise Media jointly published accusations that he sexually assaulted multiple women. The FT planned to argue its reporting was substantially true and in the public interest. The FT received a letter from Odey’s lawyers on Friday afternoon stating that the 67-year…

Odey drops libel claim against FT

Odey Asset Management founder Crispin Odey has withdrawn his £79m libel lawsuit against the Financial Times, conceding that the publication would likely succeed in defending its reporting on sexual misconduct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 discl…