30 Sept 2009
BARTLE AND ANOR V GE CUSTODIANS AND ORS HC CIV 2008-404-003460
- Citation
- openlaw-ce01b9a6_8d8c_4839_98ed_a5158ee4fc43.pdf
- Court
- High Court
Court held Mathias owed the plaintiffs a duty of care at the 7 September meeting and breached it by failing to explain the crucial risk that the plaintiffs would be personally liable for the entire borrowing if Blue Chip failed; GE Custodians was not liable because TML/EML and Blue Chip were not AGENTS of GE, GE had no actual or imputable knowledge of borrowers' inability to pay, Fastdoc loans were not per se unconscionable and CCCF/other tort claims against GE failed; damages and ancillary relief reserved for further hearing.