AIB accused in Commercial Court of picking sample cases that are not representative of investors

Lawyers for 273 people suing over losses suffered on investments in property funds promoted by AIB have argued the bank’s selection of sample cases to be fast-tracked at the Commercial Court is not representative of the investors.

AIB “cherry-picked” seven sample cases, involving claims by a partner in accountancy firm PwC, a senior counsel, an accountant, a solicitor, two former AIB employees, and a successful retired businesswoman, said Tom Casey, solicitor for a large number of investors.

The AIB selection has a “consistent high level of sophistication and experience which is not representative of the investors as a whole”, he said.