Crispin Odey suing Financial Times for £79million in libel damages, documents show Hedge fund manager Crispin Odey is seeking at least £79million in damages from the Financial Times (FT) after suing the publication for libel, documents filed at the High Court show.
In documents related to the libel battle filed at the High Court, seen by the PA news agency on Monday, Mr Odey’s lawyers claimed he had suffered a “very significant financial loss” as a result of the articles, but that he “will limit his claim to the sum of £79 million”.
Adam Speker KC, for Mr Odey, said: “The articles complained of made allegations against the claimant of a gravely defamatory nature, including allegations of clearly criminal conduct.”.
The accusations led to Mr Odey leaving his position at Odey Asset Management (OAM), the hedge fund he founded, days later, although he has since returned to the firm.
Mr Odey began legal action against the FT in May over four articles published in 2023, which contained allegations that he had sexually assaulted multiple women.
