QVB Pharmacy Awarded Damages in Misleading Conduct Case

In the case of QVB Pharmacy Pty Ltd v Le, the plaintiffs, QVB Pharmacy and Peter Galettis, sought damages from David Le for misleading and deceptive conduct in the sale of a pharmacy in the QVB Building in Sydney. The court found that Le passed on misleading information to the plaintiffs and that the plaintiffs suffered a loss as a result. The court ruled that the plaintiffs were entitled to damages and the 2017 financial statements provided to Galettis were false and inaccurate in several ways.
The court determined that the defendant had passed on misleading information to the plaintiffs which had caused them to incur a financial loss and as a result, judgement was awarded to the plaintiffs in the sum of $1,027,163.52, and the defendant was ordered to pay all of the plaintiffs' costs.