First Active shares fall as firms sue

SHARES in First Active fell by over 3% to 4.75 in Dublin yesterday.

Tue, 12 Aug, 2003 - 01:00
Brian O'Mahony, Chief Business Correspondent

The former building society's shares lost 15 cent as news broke that it is being sued for €100 million.

The case is being taken by three property companies Moorview, Valebrook and Salthill Properties that form part of the Cunningham Group.

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CourtsPlace: DublinPlace: IrelandPlace: IrishPerson: Ray JacksonPerson: Len RiddellPerson: RiddellOrganisation: First ActiveOrganisation: SHARESOrganisation: ValebrookOrganisation: Salthill PropertiesOrganisation: Cunningham GroupOrganisation: CunninghamOrganisation: KPMGOrganisation: High CourtOrganisation: Goodbody StockbrokersOrganisation: Irish Life & PermanentOrganisation: Bank of ScotlandOrganisation: IL&P
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