Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Hedge fund firm Brevan Howard granted injunction to block Reuters story

Published 24/03/2017, 13:22
Updated 24/03/2017, 13:30
© Reuters.  Hedge fund firm Brevan Howard granted injunction to block Reuters story

LONDON (Reuters) - Brevan Howard Asset Management, a British hedge fund firm, has been granted an injunction to prevent Reuters publishing a story it says is based on confidential information.

A High Court judge ruled on Thursday after a private hearing that there were not sufficient grounds of public interest for the story to be published.

"I found that the information in question was confidential and that the public interest in the maintenance of confidentiality outweighed the public interest in disclosure," judge Andrew Popplewell said in a statement issued on Friday.

He added that he would provide fuller reasons for the judgement in the near future.

A Reuters spokeswoman said: "Our objective is to publish news and information which is in the public interest, which we believe outweighs the confidentiality concerns put forward in this matter.

"We are therefore deeply disappointed by this ruling and are reviewing the court's decision."

A spokesman for Brevan Howard said the firm "highly values its ability to engage with its investor base on a candid and confidential basis".

"In order to protect the integrity of its communications, the firm successfully sought and obtained an injunction to restrain the use of a report based on confidential information made available to investors that was obtained by Reuters in breach of confidence," it added in a statement.

Under Britain's legal system, individuals and companies can file for privacy or confidentiality injunctions to try to stop the media publishing information that they say is confidential.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Reuters news agency is part of the Thomson Reuters media and information group.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.