FT Drops Northern Rock Memo Fight With Schillings
“We were looking at funding a principled legal case about news that was looking increasingly historic by the day,” says Paul Murphy, the editor of the Alphaville blog. The FT reckons the revelations about the government’s support for the bank are now common knowledge and events had superseded information contained in the memorandum.
The memo is hosted on Wikileaks if you are still interested in reading this bit of financial history. Schillings wrote to Guido arguing that he was breaching the High Court Order by linking to it and would suffer all manner of comeback unless he gave undertakings and removed all links etc. Guido’s legal people told Schillings last Friday to serve the Order properly or get stuffed. Haven’t heard anything from Schillings since – so that’s them stuffed.
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