Astle and others v CBRE Ltd; Abbott and others v Evans Randall Investment Management Ltd and others; Abbott and others v CBRE Ltd; and another case

Practice – Procedure. The Chancery Division dismissed the defendants' application for summary judgment on a claim by investors of a Jersey Trust, which alleged that the defendants were liable for the loss of the entire value of their investment due to a breach of duty to take all reasonable care to ensure that facts stated in an information memorandum (IM), given to potential investors, were true and accurate. Even if the court was required to apply settled law and identify the direct consequences of the valuation being inaccurate, the claimants had real prospects of establishing that the loss they had suffered on their investment was attributable to the alleged inadequacies in the IM and, accordingly, the case should go to trial.

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