Persons Identified in Schedule 1 v Standard Chartered PLC [2024] EWHC 836 (Ch) (28 March 2024)

Persons Identified in Schedule 1 v Standard Chartered PLC [2024] EWHC 836 (Ch) (28 March 2024)

Claimants must produce a single document combining particulars of standing and quantum, and provide clean trading data based on individual instructions, as prior compliance was insufficient and fragmented.

Citation
[2024] EWHC 836 (Ch)
Parties
Claimant: The Persons Identified in Schedule 1; Defendant: Standard Chartered Plc
Jurisdiction
England and Wales
Judgment Date
28 March 2024
Procedural Posture
Financial List Securities Litigation / Interlocutory Application for Further Particulars and Trading Data
Outcome
Application granted in part; Claimants ordered to produce consolidated particulars and clean trading data by specified dates.
Legal Topics
Standing in Securities Claims, Disclosure Obligations, Case Management, Section 90 and 90 a FSMA Claims
Financial Services Law Civil Procedure Standing in Securities Claims Disclosure Obligations Case Management Section 90 and 90 a FSMA Claims

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Parties

The Persons Identified in Schedule 1

Claimant

Standard Chartered Plc

Defendant

Procedural Posture

Financial List Securities Litigation / Interlocutory Application for Further Particulars and Trading Data

Legal Issues

  1. 1 Whether Claimants complied with court orders to provide particulars of standing and trading data
  2. 2 Adequacy of particulars for section 90 and 90A FSMA claims
  3. 3 Requirement for clean trading data based on Claimant instructions

Ratio Decidendi

Claimants must produce a single document combining particulars of standing and quantum, and provide clean trading data based on individual instructions, as prior compliance was insufficient and fragmented.

Court Disposition

Application granted in part; Claimants ordered to produce consolidated particulars and clean trading data by specified dates.

Orders

  • Claimants to produce a document combining FPOS and FPQ by 12 April 2024.
  • Claimants (except those already compliant) to provide clean trading data by 23 May 2024.