Quindell (QPP) has today declared victory in its libel case against Gotham City. As ever with Quindell it is not telling investors the real story. It has disproved none of the Gotham allegations in Court and almost none out of Court and this is why…
The case was brought in the UK Courts. Quindell knows full well that under the Speech Act passed in the US in 2010 (see here) the judgement is 100% unenforceable in the US. As such it can witter on about a hearing in November will set damages etc. But in reality it won’t be able to enforce collection of a cent. Gotham has not withdrawn its tweets or its report. Has Quindell sought to achieve that it would have had to take legal action in the US where libel laws are far more writer friendly/bully boy crook unfriendly than in the UK.
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