AssetCo Plc v Grant Thornton UK LLP

04/09/20

In this case note, Nicola Rushton QC and Clementine Coram James explore the Court of Appeal’s judgment in AssetCo Plc v Grant Thornton UK LLP [2020] EWCA Civ 1151 which focused on the assessment of loss in auditors’ negligence cases. Whilst not breaking new ground, the Court provided both useful clarification on applying SAAMCO in the case of a general statutory audit, and on the approach to loss of a chance where there is strong factual evidence from third parties as to what they would have done.

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