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Collins Stewart Ltd & Another v The Financial Times Ltd
Comment
The novel aspect of the special damages claim related to the fall in market capitalisation of £230.5m - the largest special damages claim ever brought in a defamation action. The judge regarded this claim as misconceived and untriable. The FT may have won an important battle but the war is by no means over - a substantial claim for specific lost business remains. The judge did not give permission to appeal.