27 Jul 2006
LEUNG ALFRED CHEUK WAH v. ERNST & YOUNG LLP, CHINA/HONG KONG AND OTHERS
- Citation
- LEUNG ALFRED CHEUK WAH v. ERNST & YOUNG LLP, CHINA/HONG KONG AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA390/2005
On the pleaded facts the Plaintiff was not within the class of persons to whom the 1st Defendant as auditor/reporting accountant owed a duty of care for purchases made on the stock market after listing; established authorities (Caparo and subsequent cases) preclude imposing such a duty to the public or market purchasers relying on a prospectus, therefore the claim disclosed no reasonable cause of action and must be struck out.