Parallel Media LLC v Chamberlain

Misrepresentation – Fraudulent misrepresentation. The claimant company advanced a sum by way of loan to a company owned by the defendants, in return for shares in the company. The claimant commenced an action seeking to recover the sum primary basis of the claim was that it was contended that the claimant had entered into the whole arrangement with the defendants as a result of what were said to be fraudulent misrepresentations made by the first defendant. The Queen's Bench Division held that none of the fraudulent representations pleaded had been made out and therefore the claim failed.

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