Hedge fund manager Crispin Odey is seeking £79million in damages from the Financial Times after suing the paper for libel, documents filed at the High Court show.
Odey began legal action against the FT in May over four articles published in 2023, which contained allegations that he had sexually assaulted women.
The accusations led to him leaving his position at Odey Asset Management, the hedge fund he founded, days later, though he has since returned. Five women are suing him over alleged misconduct between 1995 and 2023.
Odey has denied the allegations, telling the FT they were ‘rubbish’. The paper 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 loss’ as a result of the articles, but that he would ‘limit his claim to the sum of £79million’.
The FT must file its defence by the end of January, before a further hearing.
Claim: Crispin Odey (pictured) began legal action against the FT in May over four articles which alleged that he had sexually assaulted multiple women
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