STONE & ROLLS LTD v MOORE STEPHENS

[2009] 2 Lloyd's Rep. 537

HOUSE OF LORDS

Before Lord Phillips of Worth Matravers, Lord Scott of Foscote, Lord Walker of Gestingthorpe, Lord Brown of Eaton-under-Heywood, Lord Mance

Negligence — Auditors acting negligently in failing to notice that company was defrauding creditors — Action by company’s liquidators — Whether ex turpi causa rule precluded action — Whether actions of sole shareholder were attributed to company — Scope of rule in In re Hampshire Land Co [1896] 2 Ch 743.