Mike Ashley settles legal battle with Morgan Stanley following ‘snobbery’ claims

Frasers Group founder Mike Ashley has settled his legal battle with Morgan Stanley after he claimed “snobbery” was behind a $1bn cash demand which threatened to destabilise his empire.
Ashley and the investment bank have reached a settlement following hearings in February, which means no judgement will be passed by the High Court.
The settlement terms remain confidential after a costly trial for both parties.
During closing arguments at the High Court, Frasers said Morgan Stanley&rsq