5 Dec 2018
MURREN v SCHAEFFER [2018] NZHC 3176
- Citation
- [2018] NZHC 3176
- Court
- High Court
Schaeffer made negligent misstatements and engaged in misleading or deceptive conduct under the Fair Trading Act 1986 and deceptive trade practices under Nevada law by representing that plaintiffs' capital would acquire ownership interests in the vineyard (or in an entity owning 80% of it); plaintiffs reasonably relied and suffered loss equal to their capital contributions; deceit and fraudulent misrepresentation were not established; limitation and other affirmative defences failed because the right of action was concealed; judgment for plaintiffs for their invested sums with interest and co…