Crispin Odey Drops £79m Libel Claim Against Financial Times
Former hedge fund manager Crispin Odey has withdrawn his £79 million libel lawsuit against the Financial Times regarding its 2023 reporting on sexual misconduct allegations made by twenty women. Odey’s legal team stated that he was forced to accept the newspaper would likely succeed in its public interest defense. The decision follows a stressful three-week tribunal hearing where Odey challenged a ban from the financial services industry. Although Odey maintains he is not the violent predator portrayed in the articles, he chose to avoid further lengthy and costly litigation. The Financial Times welcomed the withdrawal as a vindication of its investigative journalism and the victims who came forward. The allegations previously led to Odey’s removal from Odey Asset Management, which subsequently closed. Additionally, in March 2025, the UK Financial Conduct Authority provisionally banned Odey and fined him £1.8 million for lacking integrity and attempting to frustrate disciplinary processes related to the harassment claims.
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Crispin Odey Drops £79m Libel Claim Against Financial Times
Former hedge fund manager Crispin Odey has withdrawn his £79 million libel lawsuit against the Financial Times regarding its 2023 reporting on sexual misconduct allegations made by twenty women. Odey’s legal team stated that he was forced to accept the newspaper would likely succeed in its public interest defense. The decision follows a stressful three-week tribunal hearing where Odey challenged a ban from the financial services industry. Although Odey maintains he is not the violent predator portrayed in the articles, he chose to avoid further lengthy and costly litigation. The Financial Times welcomed the withdrawal as a vindication of its investigative journalism and the victims who came forward. The allegations previously led to Odey’s removal from Odey Asset Management, which subsequently closed. Additionally, in March 2025, the UK Financial Conduct Authority provisionally banned Odey and fined him £1.8 million for lacking integrity and attempting to frustrate disciplinary processes related to the harassment claims.
The Guardian