A valuer had described expected values for an property proposed as an investment promoted by a co-defendant. The valuation and prediction as to how long it might take to have it let had contributed to the representations leading to the investments being made and the assessments had been made without any effective degree of analysis or care, and the company was responsible to make a contribution of one quarter. The contribution was properly claimed since it was four square with the original claim. The ‘damage in question’ meant the loss suffered by the investors from entering into the transaction. Sections 2 (3) (a) and (b) made it ‘clear that persons may be liable in respect of the same damage without necessarily being liable in the same amounts’.
Judges:
Hart J
Citations:
Gazette 23-Mar-2000, [2000] Lloyd’s Rep PN 569
Statutes:
Civil Liability (Contribution) Act 1978 1 2(3)
Jurisdiction:
England and Wales
Cited by:
Cited – Nationwide Building Society v Dunlop Haywards (HLl) Ltd (T/A Dunlop Heywood Lorenz) and Cobbetts ComC 18-Feb-2009
The claimant had leant money on a property fraudulently overvalued by an employee of the now insolvent first defendant. A contribution order had been agreed by the solicitors. The court heard applications by the claimants and the solicitors against . .
Lists of cited by and citing cases may be incomplete.
Professional Negligence, Damages
Updated: 08 April 2022; Ref: scu.78117
