7 Nov 2012
BELGRAVE FINANCE LIMITED (IN RECEIVERSHIP AND IN LIQUIDATION) V RAYMOND TASMAN SCHOFIELD HC AK CIV-2011-404-003155
- Citation
- openlaw-0a73a539_b47d_49f1_9ba3_4f7e801d8625.pdf
- Court
- High Court
The strike‑out application is dismissed because, as a matter of law, a cause of action by a company alleging auditor negligence can be tenable where the pleading properly alleges a chain of causation: that the auditor's breaches caused the company to continue trading in the same manner as during the audit year and that such continued trading caused the specified losses. The existing pleading was insufficiently particularised as to that chain and must be amended, but the claim is not inherently untenable on the pleadings.