Source: All England Reporter
Publisher Citation: [2005] All ER (D) 236 (Jun)
Neutral Citation: [2005] EWCA Civ 758
Court: Court of Appeal, Civil Division

Pill, Chadwick and Carnwath LJJ

Representation Alan Steinfeld QC and Paul Downes (instructed by Bircham Dyson Bell) for the claimants.
  Robin Hollington QC and Robert Levy (instructed by Taylor Vinters, Cambridge) for the defendants.
Judgment Dates: 22 June 2005


Companies - Shares - Sale of shares - Vendors giving warranty under share sale agreement - Exceptional item affecting company's profit and loss account - Purchaser seeking damages for breach of warranty - Judge finding warranty qualified by purchasers' knowledge of effect of exceptional item on principal accounts - Judge finding no breach of warranty as qualified - Correctness of decision.

The Case

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