19 Dec 2008
SECURITIES REGISTRY LIMITED AND ALSO SUING IN ITS CAPACITY AS THE TRUSTEE OF THE SECURITIES REGISTRY TRUST AND SECURITIES REGISTRY (NO 2) TRUST V GOMES CA CA650/2007
- Citation
- openlaw-48aeac31_6957_45f8_9e87_2c7b83593a87.pdf
- Court
- Court of Appeal
Majority: although $2,225,000 was paid by setoff and therefore constituted payment, the accountant's letter did not represent that the deposit was held undisbursed or ring‑fenced for SRL; no negligent misstatement or misleading conduct by Gomes caused SRL's loss; appeal dismissed.