Index card Allianz Global Investors GmbH v G4S Ltd (formerly known as G4S plc)

Allianz Global Investors GmbH v G4S Ltd (formerly known as G4S plc)

Hearings

England & Wales

10 May 2022 [2022] EWHC 1081 (Ch); [2022] Bus LR 566; [2022] WLR(D) 206, Ch D (Miles J)

Subject Matter

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)

[2022] EWHC 1081 (Ch); [2022] Bus LR 566; [2022] WLR(D) 206, Ch D

Commentary

RPC Perspectives
Are you a "person discharging managerial responsibility"? High Court clarifies meaning of PDMRs under FSMA Case comment

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