On January 27, when the Federal Court delivered judgment against this newspaper and this columnist in a defamation suit brought by a former director of failed asset manager Blue Sky Alternative Investments Elaine Stead, our colleague Tony Boyd was strikingly eager to contrive of damning repercussions.

“The lesson being that Rear Window will not only have to tone down the comments it makes about directors of public companies, but it will also have to bring to bear the sort of investigative journalism found in the news pages of the Financial Review,” he wrote in his Chanticleer column.