Possfund v Diamond: A Reassessment of the Common Law Duty Owed to Subsequent Purchasers Who Rely on a Company Prospectus

The attitude of the courts to extensions of the duty of care for those who produce company prospectuses has seemed fixed at the restrictive end of the scale for some time. The decision of Lightman J in the Possfund v Diamond case suggests that this might be about to change.