Houghton v Saunders - [2019] 1 NZLR 1

Financial Markets Conduct — Securities — Prospectus — “Untrue statement” — Whether statement needed to be material — “On faith of” which investor had invested — Whether loss caused “by reason of” untrue statement — Whether joint lead managers “promoters” — Whether amendments retrospective — Fair Trading Act 1986, ss 5A, 9.