Manchester Building Society v Grant Thornton UK Llp: CA 30 Jan 2019

Liability of an auditor for losses incurred on long term interest rate swap agreements which were entered into in reliance upon negligent accounting advice and which were closed out at a loss when the negligent advice came to light.
Lord Justice Hamblen
[2019] EWCA Civ 40, [2019] 4 All ER 90, [2019] 1 WLR 4610, [2019] PNLR 12
Bailii
England and Wales
Citing:
CitedSouth Australia Asset Management Corporation v York Montague Ltd etc HL 24-Jun-1996
Limits of Damages for Negligent Valuations
Damages for negligent valuations are limited to the foreseeable consequences of advice, and do not include losses arising from a general fall in values. Valuation is seldom an exact science, and within a band of figures valuers may differ without . .
Appeal fromManchester Building Society v Grant Thornton UK Llp ComC 2-May-2018
claim for damages by a building society caused by the admitted negligence of its accountant. . .

Cited by:
Appeal fromManchester Building Society v Grant Thornton UK Llp SC 18-Jun-2021
. .

These lists may be incomplete.
Updated: 19 June 2021; Ref: scu.633090