In a strongly worded judgment, the Commercial Court has dismissed a large mis-selling claim brought by an individual in connection with a number of investments she had made in structured notes on a leveraged basis. The Claimant had sought damages of over USD30m in respect of losses suffered following the forced sale of the structured notes, after a margin call in October 2008 was not met. The Court found that the claim failed on every issue and that the Claimant had been dishonest in the way she had pursued the claim. The Court was also not satisfied that the Claimant had complied fully with her disclosure obligations, although there was sufficient documentary evidence to determine the case. To read our fuller briefing, click here.
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