Once it becomes law, it will remove Qualified One Way Costs Shifting («QOCS») protection from pursuers where a Court finds that a pursuer has made fraudulent representations, including exaggerating their symptoms. (morton-fraser.com)
We defeated an attempt by the purchaser of an auto component manufacturing company to obtain substantial damages from investment fund and management sellers based on alleged breaches of the merger agreement and alleged fraudulent representations during the diligence period for the acquisition. (quinnemanuel.com)
However, while someone in the supply chain had a plan to profit by deceiving consumers, it is unlikely that consumers of a beef - and - horseburger will be able to establish that an abattoir operator's fraudulent representations induced them to eat (Downs v Chappell [1996] 3 All ER 344, 351). (newlawjournal.co.uk)