(Source: Allen & Overy LLP) Please enter ByLine. We consider here the decision of the High Court in Worthing & anr v Lloyds Bank plc [2015] EWHC 2836 (QB) (8 October 2015). The claimants suffered losses from surrendering their investment in a portfolio. They claimed that the losses resulted from bad advice from the bank. They sought to recover compensation on the basis that the bank had acted negligently, in breach of contract, and in breach of its statutory duties under the Financial Services and Markets Act 2000 (FSMA) and the Conduct of Business sourcebook (COB and COBS). However, their claim failed. Case Key facts In January 2007, the claimants invested GBP 700,000 in an investment...
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