All
TITLE | Supreme Court Decision 2013Da13849 Decided June 24, 2015 ¡¼Damages¡½ [full Text] |
---|---|
Summary | |
In cases where, in dispensing information and advice concerning investment judgment on, or the value of, financial investment instruments, a quasi-investment advisory business entity provided false and/or groundless information lacking in any reasonable or objective foundation on such important matters as may influence the customer¡¯s investment decision, holding it out as a sure information based on objective grounds, thereby leading the customer to trade in reliance of the information as truthful and incur losses, whether the customer has a cause of action against the quasi-investment advisory business entity for tort liability under the Civil Act (affirmative) / Whether this legal principle applies likewise to an individual who personally carries out the undertaking of a quasi-investment advisory business entity under such legal relationship with the said entity as employment (affirmative) |