Billionaire hedge fund manager Bill Ackman has escalated his dispute with Business Insider by sending a demand letter to Axel Springer, the media company's parent, instead of filing a lawsuit as was previously anticipated. This move comes after a series of reports by Business Insider alleging plagiarism by Ackman's wife, Neri Oxman. Ackman's decision to send a demand letter, highlighted by fresh reporting from Puck News, suggests a potential shift towards a non-litigious resolution of the conflict, dubbed the Ackman-Döpfner Non-Escalation Treaty. This development follows a recent dinner between Ackman and Axel Springer CEO Mathias Döpfner, which may have helped ease tensions. Ackman has also retained the same law firm that represented Dominion Voting in its lawsuit against Fox, indicating his readiness to pursue legal action if necessary, as reported via @BillAckman.
Billionaire Bill Ackman escalated his offensive against Business Insider, saying it could face a lawsuit if it doesn’t correct or retract stories alleging his wife committed plagiarism https://t.co/Rf0oX6lLWW
Billionaire Bill Ackman escalated his offensive against Business Insider, saying it could face a lawsuit if it doesn’t correct or retract stories alleging his wife committed plagiarism https://t.co/t3GJwUWpHf
Ackman has retained the same firm that sued Fox on behalf of Dominion Voting to sue Business Insider/Axel Springer https://t.co/XDWo1oPICp
Why the lawyers tell you not to act like a normal human being during this kind of litigation -- Ackman using @hblodget's conciliatory text in the lawsuit https://t.co/FodOW384iP https://t.co/mlptCdleiS
New: Bill Ackman has sent a demand letter to Axel Springer/Business Insider, rather than filing a lawsuit—as anticipated @PuckNews two days ago >> 1. Wednesday, via @PuckNews 2. Today, via @BillAckman https://t.co/At3dG8dyhg https://t.co/gHZ0k5ddiP
New: Bill Ackman has sent a demand letter to Axel Springer/Business Insider, rather than filing a lawsuit—as anticipated @PuckNews two days ago >> Wednesday, via @PuckNews 2 Today, via @BillAckman https://t.co/At3dG8dyhg https://t.co/Bn3BL3VLeJ
Fresh reporting on the latest twist in the Bill Ackman-Business Insider microdrama. From @DylanByers https://t.co/4p7wfEPKIC
NEW @PuckNews: The Ackman-Döpfner Non-Escalation Treaty: A recent dinner between the Axel Springer C.E.O. and the aggrieved hedge fund manager and proud husband likely paved the way for an end to the Business Insider-Neri Oxman contretemps. https://t.co/At3dG8d0rI