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Thirteen members of 'Davy 16' named in High Court


 
Thirteen of the members of the Davy-16 group of employees who were involved in a 2014 Anglo Irish Bank bond trade at the heart of a Central Bank fine and reprimand for the firm in March were named in the High Court on Monday.
The 13 have been joined as defendants alongside Davy in a case taken by Belfast developer Patrick Kearney, who was on the other side of the trade. Mr Kearney is suing for for damages and aggravated damages, alleging fraudulent misrepresentation, concealment and breach of contract.
He has also alleged that Davy made a windfall profit of about €25 million, and deprived him and his company of the best price when it sold the bond on his behalf. ....

United Kingdom , Pat Lyster , Brian Mckiernan , Tony Oconnor , Patrick Kearney , Finbarr Quinlan , Barry Nangle , Kyran Mclaughlin , Anthony Childs , Joseph Mcginley , David Smith , Justice David Barniville , Tom Browne , Tony Garry , Barry King , Fiona Howard , Tom Potter , John Corrigan , Oconnell Partnership , Anglo Irish Bank , High Court On , Central Bank , Kilmona Holdings , Irish Bank , High Court , Tonyo Connor ,

Businessman claims Davy made €25m from selling bonds on his behalf


 
A businessman has claimed J & E Davy stockbrokers made a windfall profit of some €25 million from bonds it sold on his behalf after he was allegedly fraudulently misled by senior executives in the firm.
In Commercial Court proceedings, Patrick Kearney says he learned about the alleged concealment after Davy was recently fined a record €4.1 million by the Central Bank because of the manner in which the stockbrokers sold his bonds.
Davy, while acting as his agent in the sale to what he was assured was a third party, had in fact sold them to the “O’Connell Partnership” which was controlled by Davy, he claims. ....

Justice David Barniville , Kearney Kilmona , Anthony Garry , Patrick Kearney , Barry Nangle , Oconnell Partnership , Central Bank , Kilmona Holdings , Corp Euro Callable Subordinated Floating Rate , Commercial Court , Bedford Street , O Connell Partnership , அந்தோணி ஆடை , பேட்ரிக் கர்நீ , ஒக்கொண்னேழில் கூட்டு , மைய வங்கி , வணிகரீதியானது நீதிமன்றம் , பெட்ஃபோர்ட் தெரு , ஓ இணைத்தல் கூட்டு ,

Davy vows to defend new legal action from developer


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Patrick Kearney , Oconnell Partnership , Anglo Irish Bank , Central Bank , Kilmona Holdings , High Court , Tuesday Patrick Kearney , Northern Irish , O Connell Partnership , பேட்ரிக் கர்நீ , ஒக்கொண்னேழில் கூட்டு , ஆங்கிலோ ஐரிஷ் வங்கி , மைய வங்கி , உயர் நீதிமன்றம் , வடக்கு ஐரிஷ் , ஓ இணைத்தல் கூட்டு ,