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Northern Rock PLC v Financial Times Limited & Others
Facts
Northern Rock's advisers prepared a Briefing Memorandum for distribution to financial institutions. The Memorandum was sent only to recipients who signed a letter agreeing to keep its contents confidential. The Financial Times posted ten pages of the Memorandum (a longer document) on its website at FT Alphaville. The national and international media picked up the posting and republished certain of the detail of the Memorandum. Similar detail was also available from other sources.