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High Court grants order requiring shareholder in public limited company to provide more detail in reply to notice for further and better particulars, where he had brought proceedings against a number of defendants including his stockbrokers alleging that their wrongdoing had led him to miss out on the benefit of a rights issue.
Holder of shares in listed company - whether shareholder missed out on rights issue as result of actions of defendants - alleged breach of contract and negligence - notice for further and better particulars of claim - whether replies inadequate - requirement that party know in broad outline the case it will have to meet - multiple defendants - requirement to specify which claims are made against which defendants - need for greater precision - terms and conditions of shares - need to particularise loss and damage.
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