Home Scam/Fraud Supreme Court Strikes Out Quincecare Claim Where No Loss Suffered By Insolvent...

Supreme Court Strikes Out Quincecare Claim Where No Loss Suffered By Insolvent Ponzi Scheme –

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The Supreme Court has upheld the Court of Appeal’s decision
to strike out a claim brought by the liquidators of a Ponzi scheme
against its correspondent bank, alleging that the bank breached its
so-called Quincecare duty to take sufficient care that
monies paid out from the accounts under its control were being paid
out properly:

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