Davy Stockbrokers sued for €5.58m bond sale advice

A businessman claims Davy Stockbrokers was negligent in advising him to sell investment bonds for around €5.58m which he says was at a significant undervalue.

Davy Stockbrokers sued for €5.58m bond sale advice
Tue, 13 Oct, 2015 - 01:00
Ann O’Loughlin

Patrick Kearney and Kilmona Holdings Ltd are suing J&E Davy, trading as Davy, over advice the stockbrokers allegedly gave in 2014 on the sale of 27m Anglo Irish Bank callable subordinated floating bonds.

The case was admitted to the Commercial Court list by Mr Justice Brian McGovern yesterday, on consent between the parties.

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CourtsDavy Stockbrokerssuedinvestment bondsPlace: Queensway QuayPlace: GibraltarPerson: Davy StockbrokersPerson: DavyPerson: Patrick KearneyPerson: E DavyPerson: Brian McGovernPerson: KearneyPerson: LeBruinPerson: Tony O’ConnorOrganisation: Kilmona Holdings LtdOrganisation: &Organisation: Anglo Irish BankOrganisation: Pattan SLOrganisation: AngloOrganisation: IBRCOrganisation: Stapleford Finance Ltd.Organisation: LeBruin Private LtdOrganisation: StaplefordOrganisation: Kilmona Holdings
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