The Court of Appeal has handed down its first judgment in a claim under sections 90 and 90A FSMA. Newey LJ (with whom Coulson and Phillips LJJ agreed) upheld a recent decision by Michael Green J to dismiss attempts by the defendant bank to strike out various aspects of the claimants’ case. The Court of Appeal’s decision provides important guidance on pleading dishonesty both in securities fraud claims and more generally.
4 New Square Chambers’ Graham Chapman KC, Shail Patel KC and William Harman acted for the successful respondents. The case is listed for a multi-month trial starting in October 2026.
For the full judgment, see: Various Claimants v Standard Chartered plc [2024] EWCA Civ 674.
