Sports Direct halts High Court legal action with Rangers

03 February 2016 04:23

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".

Source: PA