Insurance brokerage entitled to damages against Cork-based law firm

A firm of insurance brokers is entitled to damages against a Cork-based firm of solicitors over negligent handling of litigation, the Court of Appeal has ruled. The amount of damages will be decided later by the High Court.

Coakley Moloney Solicitors, South Mall, Cork, had denied negligence.

Emerald Isle Assurances and Investments Limited, with registered offices at Togher, Cork, and its two directors, Timothy Maverley and James Morey, who each hold a 50% shareholding in the company, sued over the solicitors’ handling of a legal action brought by Emerald over termination of its contract with Hibernian Life.