The plaintiffs brought an action on behalf of themselves and all other holders of promissory notes issued by a Nigerian Bank to restrain the trustee of the noteholders’ trust deed, from publishing details as to the votes cast at a meeting of noteholders.
Held: The figures indicated such a difference of opinion as to preclude a common grievance and relief beneficial to all noteholders. He ordered that the action might not be continued in a representative capacity.
Judges:
Hirst J
Citations:
[1988] BCLC 640
Jurisdiction:
England and Wales
Cited by:
Cited – Independiente Ltd and others v Music Trading On-Line (HK) Ltd and others ChD 13-Mar-2003
The claimants claimed damages for the sale by the defendants in the UK of CD’s manufactured for sale only in the far East. The defendants challenged the right of a claimant phonographic society to have the right to sue on behalf of its members.
Lists of cited by and citing cases may be incomplete.
Litigation Practice
Updated: 12 April 2022; Ref: scu.179757
