Price Waterhouse v Kwan
Price Waterhouse v Kwan [2000] 3 NZLR 39 is a cited case in New Zealand regarding liability for negligent misstatements.[1]
Price Waterhouse v Kwan | |
---|---|
Court | Court of Appeal of New Zealand |
Full case name | PRICE WATERHOUSE Appellant AND P KWAN AND OTHERS Respondents AND BETWEEN PRICE WATERHOUSE Appellant AND K D HUGHES per N M HUGHES Respondent |
Decided | 16 December 1999 |
Citation(s) | [2000] 3 NZLR 39 |
Transcript(s) | Court of Appeal judgment |
Court membership | |
Judge(s) sitting | Gault J, Keith J, Tipping J |
Keywords | |
negligence |
Background
Price Waterhouse were the auditors of a law firm. It was later claimed that Price Waterhouse were negligent in their audits resulting in them losing their investments.
Held
As the purpose of the audits was for the protection of clients money, there was sufficient proximity to hold that PW owed them a duty of care, and were accordingly ordered to pay damages.
gollark: It'd be the JSON library's fault, and also you said the issue was when it was received.
gollark: Try blaming squid; it's his AES library.
gollark: Probably.
gollark: Well. That means that it's not somehow mucking up the socket.
gollark: Try `print(skynet.socket, skynet.socket.send("hi"))` after the AES bi.
References
- McLay, Geoff (2003). Butterworths Student Companion Torts (4th ed.). LexisNexis. ISBN 0-408-71686-X.
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