A judge was asked to decide whether the dispute – centred on the 8 Miles private equity firm, of which Mr Geldof is chairman – should proceed to a trial.
Businessman Miten Dutia claims that he was a member of a partnership, along with Mr Geldof and three other businessmen, behind the creation of 8 Miles. They dispute the claim.
Mr Dutia says his claim should be analysed at trial.
Chief Master Matthew Marsh granted “summary judgment” in favour of Mr Geldof, who was behind the Band Aid and Live Aid campaigns, and the three other businessmen.
He said Mr Dutia’s prospects of success at a trial were “fanciful”.