A Surrey man accused of murdering a private investigator found dead with an axe in his head has been cleared after no evidence was offered against him.
Daniel Morgan, 37, of Monmouthshire, was found dead in March 1987 outside a pub in Sydenham, south-east London.
James Cook, 55, of Tadworth, was formally found not guilty after prosecutors at the Old Bailey offered no evidence against him.
Three other men remain accused of murder and are to go on trial in 2011.
William Rees, 56, of Weybridge, Surrey, Glenn Vian, 52, of south Croydon, and Garry Vian, 50, of no fixed address, deny the charge.
Mr Morgan, who was originally from the village of Llanfrechfa, jointly ran a security firm called Southern Investigations.