Investors who lost money in failed luxury care-home developments have secured a High Court ruling against the company that marketed the schemes.
In a case that examines the perilously thin line between marketing investments and providing investment advice, the High Court in London has ruled that a property marketing company cannot escape responsibility for misleading assurances simply by claiming to have acted as a sales agent. Handing down her decision on 9 October, Recorder Janet Bignell KC, sitting as a deputy High Court judge, found that One Touch Solution had assumed legal responsibilities towards investors who paid more than £2.8 million into failed luxury care-home developments.
The decision carries significant…