Negligence – Information or advice. The claimant building society's claim regarding admittedly negligent financial advice given to it by the defendant firm of accountants succeeded in part. The defendant had misadvised the claimant regarding the use of hedge accounting in interest rate swaps. The Commercial Court held that the defendant's conduct had been an effective cause of the loss suffered. However, the costs of breaking the swaps had not been the type of losses for which the defendant had assumed responsibility. The claimant would bear 25% of the damages and the defendant 75% of the damages for which the defendant was liable. The claimant was entitled to the sum of £315,345 plus interest.