The claimant alleged that the defendant bank has missold to him securities in the form of an AIG Premier Access Bond.
Held: Though the bank had acted negligently and otherwise incorrectly, those faults were not the cause of the substantial part of the claimant’s losses.
Judges:
Jonathan Parker J
Citations:
[2011] 2 CLC 459, [2011] EWHC 2304 (QB), [2012] PNLR 7
Links:
Statutes:
The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 53, Financial Services and Markets Act 2000
Jurisdiction:
England and Wales
Cited by:
Appeal from – Rubenstein v HSBC Bank Plc CA 12-Sep-2012
The customer appealed after his bank was found to have been negligent in its sales to him of investments, but the losses were found to have derived from general market turmil. . .
At first instance – Rubenstein v HSBC Bank CA 12-Sep-2012
Order finalised after successful appeal in bank mis-selling claim. . .
Lists of cited by and citing cases may be incomplete.
Banking, Professional Negligence
Updated: 20 September 2022; Ref: scu.444872
