Networking tycoon Sir Terry Matthews has won a libel action against a newspaper which claimed that his plans to build a luxury hotel were "otter madness".
The Sunday Mail had alleged that building the Celtic Manor hotel and golf course would wipe out a colony of rare otters, and could damage some Roman remains.
But after a hearing today at the High Court, the paper backed down and agreed to apologise to Matthews and pay "substantial damages" and his court costs.
Matthews, who founded Newbridge Networks in 1986, said after the case: "I take pride in being a developer who values the environment."
His golf course has been selected to host the Ryder Cup in 2010.
Newbridge Networks was bought by Alcatel in 2000.
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