Reviewed case brief

Peek v Gurney

(1873) LR 6 HL 377

(1873) LR 6 HL 377 · House of Lords

prospectusmisstatementreliancesecondary-marketprivity
Court
House of Lords
Year
1873
Subjects
Company Law, Law of Contract I
Reviewed
2026-08-02

Rule established

Only persons who subscribed DIRECTLY on the faith of the prospectus can sue for misstatement; subsequent market purchasers cannot.

Facts

    Issues

      Held

        Ratio decidendi

        How to use it in an exam

        Editorial source

        (1873) LR 6 HL 377

        Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.