Financial Litigation roundup
Welcome to the latest edition of our Financial Litigation roundup. In this edition, we consider recent judgments and ongoing cases from the banking and financial world in the UK and Asia, as well as regulatory developments in those jurisdictions
Mr and Mrs Worthing were high net worth individuals seeking compensation for investment losses. They claimed that Lloyds Bank plc (Lloyds) had acted negligently in advising them to invest approximately £700,000 in a medium-risk investment portfolio, breaching its contractual duties, the COBS Rules and the statutory duties under FSMA.