California State Teachers' Retirement System & Ors v Boohoo Group PLC [2026] EWHC 335 (Comm) (10 February 2026)

California State Teachers' Retirement System & Ors v Boohoo Group PLC [2026] EWHC 335 (Comm) (10 February 2026)

The reliance issue will be tried at Trial 1, not deferred to Trial 2, as there is no good reason for separation in a case of this scale and the parties can be ready. Narrative documents will not be ordered for disclosure absent specificity. Early disclosure of Levitt and D&O insurer documents is refused. The disclosure period is extended for certain custodians as agreed. Umar and Samir Kamani are to be included as custodians; the assistant company secretary is not. Claimants must provide full particulars of reliance (Tables 1-3) by 22 May 2026, with sampling and documentation summaries to follow.

Citation
[2026] EWHC 335 (Comm)
Parties
Claimant: California State Teachers' Retirement System & Ors; Defendant: Boohoo Group PLC
Jurisdiction
England and Wales
Judgment Date
10 February 2026
Procedural Posture
Financial List Claim Under S.90 a FSMA / First Case Management Conference (cmc)
Outcome
Directions given; reliance to be tried at Trial 1; disclosure and case management directions made.
Legal Topics
Misleading Statements in Published Information, Reliance in Securities Claims, Disclosure Obligations, Case Management, Split Trials, Corporate Governance, Modern Slavery Allegations
Financial Services Law Securities Litigation Civil Procedure Misleading Statements in Published Information Reliance in Securities Claims Disclosure Obligations Case Management Split Trials +2 more

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Parties

California State Teachers' Retirement System & Ors

Claimant

Boohoo Group PLC

Defendant

Procedural Posture

Financial List Claim Under S.90 a FSMA / First Case Management Conference (cmc)

Legal Issues

  1. 1 Whether the issue of reliance should be included in Trial 1 or deferred to Trial 2
  2. 2 Scope and timing of defendant's disclosure obligations, including narrative documents, early disclosure, and custodians
  3. 3 Directions for particulars of reliance and sampling process for claimants

Ratio Decidendi

The reliance issue will be tried at Trial 1, not deferred to Trial 2, as there is no good reason for separation in a case of this scale and the parties can be ready. Narrative documents will not be ordered for disclosure absent specificity. Early disclosure of Levitt and D&O insurer documents is refused. The disclosure period is extended for certain custodians as agreed. Umar and Samir Kamani are to be included as custodians; the assistant company secretary is not. Claimants must provide full particulars of reliance (Tables 1-3) by 22 May 2026, with sampling and documentation summaries to follow.

Court Disposition

Directions given; reliance to be tried at Trial 1; disclosure and case management directions made.

Orders

  • Reliance issue to be tried at Trial 1, with trial to be listed from October 2027 if possible.
  • Claimants to provide full particulars of reliance (Tables 1-3) for all claimants by 22 May 2026.