URQUHART v. CLARK AND OTHERS; SAME v. STRACEY AND OTHERS.

(1929) 34 Ll.L.Rep. 359

HOUSE OF LORDS.

Before Viscount Sumner, Lord Blanesburgh, Lord Atkin, Lord Tomlin and Lord Thankerton.

Company-Prospectus-Misrepresentation -Claim by debenture-holder (plaintiff) against directors (1) in respect of fraudulent misrepresentation; (2) on ground of conspiracy; and (3) under Sect. 84 of the Companies (Consolidation) Act, 1908-On submission by defendants, held by trial Judge that there was no case against "A" group of directors; as against "B" group that there was a case in respect of (1)- Appeal by plaintiff-Amendment of defence and payment into Court by "B" group in respect of (1)-Acceptance by plaintiff in satisfaction of claim (1) - Effect upon plaintiff's rights-Measure of damages under (1), (2) and (3)-Costs.