Court ruling is major setback for Belfry investors suing over losses

A Court of Appeal decision is a major setback for hundreds of investors suing AIB and others over losses sustained after they invested in certain Belfry funds promoted by the bank.

The three-judge court, in a judgment on an important preliminary issue in eight "pathway" cases, ruled key aspects of the plaintiffs claims are statute-barred, brought outside the relevant six-year time limit.