Lowry Trading Limited & Anor v Matthew Haycox
The defendant made false representations about the SPV 20 loan, knowing them to be untrue, with intent to induce investment. The claimants relied on these representations and suffered loss. The defendant has no real prospect of successfully defending the claim, and there is no compelling reason for trial. Summary judgment is granted.
Source excerpt
- Deceit
- Fraudulent misrepresentation
- Summary judgment
- Inducement
- Waiver
- Promissory estoppel