Jack has applied to purchase shares in Grape Ltd, a wine-making company, after reading Grape Ltd's prospectus. The prospectus included a statement signed by Anton, Belinda and Cathy, the directors of Grape Ltd, which stated that Grape Ltd was in the process of purchasing land in Victoria, and guaranteed that Grape Ltd would own the land by the beginning of the next harvesting season; and that the land had already been planted with grape vines and would produce fruit in the next season ready for winemaking. The prospectus also contained a statement by Xavier, who had just completed a wine-making course at TAFE, that the grapes harvested in the coming season would be suitable for making wine. Cathy became concerned about the purchase of land and the suitability of the grapes soon after the prospectus was published, and took out an advertisement in the local metropolitan newspaper withdrawing her consent to the prospectus. Grape allotted 2500 shares to Jack, and Grape Ltd's shares were also listed on the stock exchange. Since the allotment and listing of Grape Ltd's shares, it has become apparent that the purchase by Grape Ltd of the property would not go through until the end of the harvesting season, and that in any case, the grapes being grown were unsuitable for wine-making. The shares of Grape Ltd have fallen to less than 25 cents per share and are in danger of being delisted.

Grape Ltd was also summoned by the authorities for producing the grapes being grown were unsuitable for wine-making which will cause health issues to the public.

Advise Jack of whether there are any common law and/or statutory remedies available to him against Anton, Belinda, Cathy or Xavier to assist him to recover the money he has lost due to his investment in Grape Ltd.