Lloyd's Law Reports Plus

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

STONE & ROLLS LTD v MOORE STEPHENS

[2009] Lloyd's Rep Plus 78

HOUSE OF LORDS

Before Lord Phillips of Worth Matravers, Lord Scott of Foscote, Lord Walker of Gestingthorpe, Lord Brown of Eaton-under-Heywood, Lord Mance

Negligence - Auditors acting negligently in failing to notice that company was defrauding creditors - Action by company's liquidators - Whether ex turpi causa rule precluded action - Whether actions of sole shareholder were attributed to company - Scope of rule in In re Hampshire Land Co [1896] 2 Ch 743.

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