Table of Contents
Hedge fund manager Crispin Odey is seeking £79m in damages from the Financial Times after suing the newspaper for defamation, documents filed at the High Court show.
Odey launched legal action against the Financial Times in May over four articles published in 2023, which contained allegations that he had sexually assaulted women.
The accusations led him to leave his position at Odey Asset Management, the hedge fund he founded, days later, although he has since returned. Five women are suing him for alleged misconduct between 1995 and 2023.
Odey has denied the allegations and told the Financial Times they were “rubbish”. The newspaper said in May it would “vigorously defend” its reporting.
In documents seen by the PA news agency yesterday, Odey’s lawyers said he had suffered “very significant financial losses” as a result of the articles, but would “limit his claim to the sum of £79m.” .
The Financial Times must present its defense at the end of January, before a new hearing.
Claim: Crispin Odey (pictured) took legal action against the Financial Times in May over four articles alleging he had sexually assaulted several women.
DIY INVESTMENT PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-to-use portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free Fund Trading and Investment Ideas
interactive inverter
interactive inverter
Fixed fee investing from £4.99 per month
sax
sax
Get £200 back in trading fees
Trade 212
Trade 212
Free trading and no account commission
Affiliate links: If you purchase a This is Money product you may earn a commission. These offers are chosen by our editorial team as we think they are worth highlighting. This does not affect our editorial independence.