Read the full judgment text of HCA 000535/1981 on BabelCite. This High Court CFI judgment was delivered on 5 February 1982.
1. Friday 31 October 1980 was a "dream day" on the Stock Exchange for those investors who happened to be friends of Mr. LEUNG Tai Wah, a "broker" employed by the plaintiff. The plaintiff was a deposit taking company advancing credit to customers for the purpose of buying shares. Mr. LEUNG had "information from a reliable source'', which he believed, that Jardine Matheson was to be the subject of a take-over bid. "Jardines" would therefore on Mr. LEUNG's view "go to $45 within a week". Jardines c
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