FT gagged over Northern Rock

The question of what is in the public interest raised its head last night as the FT bya high court injunction as it sought to publish the memorandum of sale for Northern rock

This from the FT's blog

We are currently covered by a partial, temporary injunction covering the contents of a sale memorandum sent out to about 50 potential acquirers of Northern Rock. It runs until next Tuesday, where upon full evidence in the case will be heard.
In publishing information from the sale memorandum, we took the view here at FT Alphaville that the shareholders of Northern Rock and the market generally were entitled to know the assessment of the financial position of the bank - an institution that has had to borrow something north of £20bn from the Bank of England.
In response, Northern Rock sought an injunction which would prevent the whole of the media from reporting anything about the sale memorandum.
The FT’s crack legal squad vigorously resisted this and, as a result, the scope of the injunction sought was considerably narrowed. For example, Northern Rock wanted the injunction to prevent publication of the names of those who had been provided with the sale memorandum, notwithstanding the fact that names of potential bidders have already been widely published.
Northern Rock also sought an order that would have prevented disclosure of the fact that it had obtained an injunction. The FT resisted this and the order was refused.
Northern Rock intended that an injunction should be obtained anonymously, but this was also unsuccessful.

I presume that the high court has taken the same positioin that Gordon Brown did at PM's questions when he decided that the interest of the UK taxpayers who have lent the bank £24m is outweighed by the shareholders and bidders of the Company