ERLANGER  V  NEW SOMBRERO PHOSPHATE CO

fiduciary duty of promoters

ERLANGER V NEW SOMBRERO PHOSPHATE CO

HOUSE OF LORDS (1878) 3 APP CAS 1218 ERLANGER V NEW SOMBRERO PHOSPHATE CO Judges sitting: Lord Blackburn, Lord Penzance, Lord Cairns LC, Lord Hatherley, Lord O’Hagan, Lord Selborne, Lord Gordon FACTS Frédéric Émile d’Erlanger was a Parisian banker. He bought the lease of the Anguilla island of Sombrero for phosphate mining for £55,000. He

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