The science journal Nature reports:
Contentious libel action ends as medical company folds – April 20, 2011
The medical company suing cardiologist Peter Wilmshurst in a high profile libel case has folded.
NMT Medical said in a statement yesterday that has entered into an ‘Assignment for the Benefit of Creditors’, an alternative to bankruptcy where the company assigns its assets to an individual for liquidation and distribution.
The company’s libel actions against Wilmshurst have become a cause célèbre among those pushing for reform of England’s laws (who count Nature among their supporters).
Wilmshurt says fighting the case has cost him hundreds of thousands of pounds and it is unclear how much he will be able to reclaim.
His solicitor Mark Lewis said (in a statement released by campaign group Index on Censorship), “It looks like the nightmare is nearly over. After 4 years NMT looks to have gone out of business. Poor Dr Wilmshurst. The continual deployment of the libel laws to stop scientific discussion seems to be over. Peter Wilmshurst and his family enter the normal world blinking from the bright light of a case that is over.”