Plaintiff
Defendant
Facts: Hong Fang Wu sued Zhi Yong Ma and Superoptionforex Consulting Inc., alleging that Ma, who misrepresented himself as an experienced investment dealer, lost her entire investment by placing all funds into one stock. The damages were primarily monetary, with the original judgment involving a sum in US dollars and Chinese yuan.
Issue: The core issue was whether Ma and his company were liable for the loss of Wu’s investment due to misrepresentation and poor investment decisions. Additionally, the court considered whether Wu should be awarded double costs following a settlement offer that she made before the trial.
Court's Ruling: The Supreme Court of British Columbia ruled in favor of Wu, establishing that Ma and his company were liable for the investment loss. The court, however, decided against awarding double costs, opting for ordinary cost awards instead.
Costs/Damages Awarded: Wu was awarded the return of her investment, quantified as USD $744,500 and CNY $60,000, along with pre-judgment interest on these amounts. For costs, despite her success at trial, the court awarded her ordinary costs rather than the double costs she sought.
Court
Supreme Court of British ColumbiaCase Number
S182040Practice Area
Corporate & commercial lawAmount
$ 1,023,683Winner
PlaintiffTrial Start Date
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