The Business Law Reports
[2022] Bus LR 566
Chancery Division
Allianz Global Investors GmbH and others v G4S Ltd (formerly known as G4S plc)
[2022] EWHC 1081 (Ch)
2022 March 30, 31;May 10
Miles J
Financial services— Compensation— Statutory scheme— Issuer of securities liable to pay compensation to persons suffering loss due to misleading statements or dishonest omissions in published information or for dishonest delay in publishing information— Liability not arising in absence of knowledge or recklessness by person discharging managerial responsibilities within issuer— Issuer having directors— Whether “person discharging managerial responsibility” restricted to its directors—
Financial Services and Markets Act 2000 (c 8), s 90A, Sch 10A, paras 3, 5, 8(5)