Businesses seeking to demonstrate that they relied on a misrepresentation made by others – a vital step in raising claims of fraudulent misrepresentation – generally have to be able to evidence their awareness of the representation made in the first place, the High Court in London has confirmed.

https://www.pinsentmasons.com/out-law/news/test-for-fraudulent-misrepresentation-further-clarified-in-libor-case