Broker settles action against Goodbody, IFRSA

A LEGAL action by multimillionaire stockbroker Bruce Ashmore against his former employer, Goodbody Stockbrokers, and the financial regulator was settled at the High Court yesterday.

No details of the settlement were disclosed but the court was told it involved “no payment of damages or costs” to Mr Ashmore by Goodbody, its parent companies or the regulator.

After the settlement, Mr Ashmore, former Goodbody head of equity trading, said: “I live to fight another day.” His wife Edel said they were delighted the case was over and “delighted with the outcome”.