Categories: OLD Media Moves

Wirecard sues FT and its reporter over stories

German payments company Wirecard has sued the Financial Times over a series of investigative reports that it said made use of, and misrepresented, business secrets, according to a Reuters report.

Douglas Busvine of Reuters reports, “Wirecard has filed a suit at the Munich regional court against both the FT and its reporter, Dan McCrum, seeking a ruling on the merits of its case. If successful, the company would then press for monetary redress.

“‘Our objective is to seek a halt to the incorrect use of business secrets for the purposes of reporting, as well as damages,’ Wirecard said in a statement. No comment was immediately available from the FT.

“The fightback comes after the FT alleged in January that Wirecard’s Singapore staff had engaged in fraud and false accounting, basing its reporting on a law firm’s probe of allegations made by an unnamed whistleblower.”

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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.