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Stone & Rolls Ltd v Moore Stephens

Hearings

England & Wales

27 Jul 2007 [2007] EWHC 1826 (Comm); [2008] Bus LR 304, QBD

18 Jun 2008 [2008] EWCA Civ 644; [2009] AC 1391; [2008] 3 WLR 1146; [2008] Bus LR 1579; [2008] 2 Lloyd's Rep 319, CA

30 Oct 2008 (pet all) [2009] Bus LR 71, HL(E)

30 Jul 2009 [2009] UKHL 39; [2009] AC 1391; [2009] 3 WLR 455; [2009] Bus LR 1356; [2009] 4 All ER 431; [2010] 1 All ER (Comm) 125; [2009] 2 Lloyd's Rep 537; [2009] WLR (D) 277, HL(E)

Subject Matter

COMPANY — Fraud — Knowledge of company — Company used as vehicle to procure funds from bank for sham commercial transactions — Bank's successful action against company and director resulting in company's insolvency — Company's claim for damages for auditors' failure to detect fraud — Whether actions of fraudster to be attributed to company — Whether defence of ex turpi causa available to auditors — Whether defence overridden by fact that fraud relied on very thing auditors engaged to prevent

[2007] EWHC 1826 (Comm); [2008] Bus LR 304, QBD

[2008] EWCA Civ 644; [2009] AC 1391; [2008] 3 WLR 1146; [2008] Bus LR 1579; [2008] 2 Lloyd's Rep 319, CA

[2009] UKHL 39; [2009] AC 1391; [2009] 3 WLR 455; [2009] Bus LR 1356; [2009] 4 All ER 431; [2010] 1 All ER (Comm) 125; [2009] 2 Lloyd's Rep 537; [2009] WLR (D) 277, HL(E)

Appellate History

Stone & Rolls Ltd v Moore Stephens [2007] EWHC 1826 (Comm); [2008] Bus LR 304, QBD

Decision of Langley J reversed

Stone & Rolls Ltd v Moore Stephens [2008] EWCA Civ 644; [2009] AC 1391; [2008] 3 WLR 1146; [2008] Bus LR 1579; [2008] 2 Lloyd's Rep 319, CA

Decision of the Court of Appeal affirmed on different grounds

Stone & Rolls Ltd v Moore Stephens [2009] UKHL 39; [2009] AC 1391; [2009] 3 WLR 455; [2009] Bus LR 1356; [2009] 4 All ER 431; [2010] 1 All ER (Comm) 125; [2009] 2 Lloyd's Rep 537; [2009] WLR (D) 277, HL(E)

Commentary

New Law Journal
Crime does not pay 165 NLJ 7656, p14

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