Top Court's Loss Ruling Can't Stop Pinsent Suit, Naibu Says

Law360, London (September 21, 2020, 8:03 PM BST) -- A Chinese sportswear company told a London judge Monday it hasn't miscalculated the scale of its share drop lawsuit against Pinsent Masons following a recent landmark decision by the U.K.'s highest court, and isn't trying to count its alleged losses twice.

Counsel for Naibu Global International Co. PLC, Nicholas Davidson QC of 4 New Square, told a High Court judge that each group member's alleged losses need to be carefully investigated and added up in light of a July decision by the U.K. Supreme Court.

That case, Sevilleja v. Marex Financial Ltd., limited the reach of the so-called reflexive loss principle,...

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