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Billionaire hedge fund manager Bill Ackman intensifies his dispute with Business Insider, telling the outlet’s parent company in a 77-page letter that it either sell the publication or reform its journalistic practices. I asked for either.
The letter of demand from the CEO of Pershing Square Capital Management’s law firm is the latest in a series of business transactions to grill Mr. Ackman’s wife, Neri Oxman, over allegations of plagiarism in her 2010 doctoral thesis. This was published in response to an Insider article. The letter, addressed to Axel Springer executives, including CEO Dr. Matthias Dopfner, condemns the articles as defamatory and suggests future legal action. .
“We provide Axel Springer with this letter of demand outlining all the facts about Business Insider’s reporting on this issue, its factual errors, Axel Springer’s false statements about Business Insider’s reporting, and a proposed resolution. “We are trying to avoid litigation by doing this,” Ackman said. in a tweet Friday.
The controversy stems from a Business Insider investigative report into Neri Oxman’s professional and academic conduct, including allegations of plagiarism. Ackman defended his wife, saying the accusations were baseless attacks fueled by his own public positions on a variety of issues, including support for Israel and criticism of former Harvard University president Claudine Gay. I dismissed it as such.
“If we can resolve this matter as proposed, we hope to avoid litigation and, more importantly, put an end to Business Insider’s unethical and unprofessional conduct,” Ackman said in a statement. ” he said.
He added that the letter could be “converted” into a complaint file. “It should not go unnoticed that the demand letter bears a striking resemblance to the allegations in the lawsuit.”
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