27 July 2017
Medsted Associates Ltd v Canaccord Genuity Wealth (International) Ltd [2017] EWHC 1815 (Comm) , [2017] EWHC 1815 (Comm), [2017] All ER (D) 151 (Jul)
The Commercial Court held that the defendant company, Canaccord, had been in breach of contract with the claimant company, Medsted, in trading with its clients at reduced rates and without Medsted being informed, causing a loss to Medsted. However, Medsted was only entitled to nominal damages, because the root of the damage had been Medsted’s breach of fiduciary duty to its own clients
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