Legal firm settles Paradise Papers case

The law firm at the centre of the Paradise Papers says it's settled out of court with the BBC and the Guardian newspaper.

Appleby, which has offices on Athol Street in Douglas, had sued for breach of confidence after millions of hacked documents were leaked to journalists.

Media outlets around the world reported on tax schemes set up to benefit the wealthy.

Under the agreement announced at the end of last week, Appleby says the BBC and Guardian have let it know which documents were leaked - it'll now hold talks with affected clients.