Hedge fund boss drops FT libel suit

Antonia Cundy, Madison Marriage and Paul Caruana Galizia of the FT report, “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.

“In 2023, the FT published several articles detailing allegations from 20 women of sexual assault and harassment against Odey. The allegations covered a period of five decades.

“‘This is a vindication for investigative journalism and for the victims whose stories of abuse we reported,’ said the FT’s editor, Roula Khalaf. ‘The FT was always confident in its reporting. This is a case that should have never been brought.'”

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