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Derry v Peek
''Derry v Peek'' (1889) LR 14 App Cas 337 is a case in English law in the tort of deceit, the tort of negligent misstatement in pure economic loss, misrepresentation in contract law, fraud in contract law, and fiduciary duty in equity. The House of Lords determined there was no general duty to use ‘care and skill’ in the context of issuing a prospectus to refrain from making misstatements, and is cited, but no longer good law, in cases of pure economic loss as a result of negligent misstatement in the law of torts.
==Facts==
The Plymouth, Devonport and District Tramways company's prospectus stated that the company had permission to use steam trams, rather than horse powered ones. In fact, it did not because the right to use steam power was subject to the Board of Trade's consent. The company applied, honestly believing that they would get it because permission was a mere formality. In fact, after the prospectus was issued, they did not get permission. Shareholders, represented by Sir Henry Peek, who had purchased their stakes in the company on the faith of the statement, sued when the company's business ended up in liquidation.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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