The Business Law Reports
[2008] Bus LR 304
Queen’s Bench Division
Stone & Rolls Ltd (in liquidation) v Moore Stephens (a firm) and another
[2007] EWHC 1826 (Comm)
2007 July 9,
10;
27
Langley J
Company— Fraud— Knowledge of company— Shadow director using company as vehicle for fraud— Company having substantial liability to defrauded banks— Company bringing action against auditors for negligently failing to detect and disclose fraud— Whether claim arising ex turpi causa— Whether doctrine applying to companies— Whether director’s knowledge attributable to company— Whether defence of ex turpi causa available to auditors