The appellants appealed the dismissal of their action for negligent misrepresentation against a financial institution and its vice-president.
The appellants alleged the vice-president failed to warn them about a third party's criminal conviction for fraud during a meeting.
The Court of Appeal dismissed the appeal, upholding the trial judge's findings that the vice-president was unaware of the conviction, did not provide financial advice, and made remarks that amounted to mere puffery upon which reliance was unreasonable.
