Sports Direct halt High Court litigation with Rangers
Friday 5 February 2016 10:02, UK
A sportswear firm run by Newcastle owner Mike Ashley has halted High Court litigation with Rangers.
Lawyers for Sports Direct told a judge on Wednesday that bosses were discontinuing legal action.
Mr Justice Peter Smith gave his approval at a High Court hearing in London.
Sports Direct had claimed Rangers' chairman Dave King had breached a confidentiality undertaking relating to a commercial deal. Mr King had disputed the claim.
A trial had been fixed for next week.
Lawyers for Sports Direct told the judge the firm had agreed to pay all lawyers' bills, estimated to total around £400,000, run up during the litigation.
Mr Justice Smith said the litigation had been "ridiculous".
