Former investment firm employee claims 'sham' redundancy in profit-share row

John Daly has brought proceedings against Dublin-based Ardstone Capital claiming he was subjected to a sham redundancy with a view to denying him his entitlement. Ardstone denies his claims.

John Daly has brought proceedings against Dublin-based Ardstone Capital. File image

A former private investment management firm employee claims in a High Court action he is entitled to a 10% share of his employer's profits in a Dublin commercial property fund.

John Daly has brought proceedings against Dublin-based Ardstone Capital which also has offices in the UK, Germany and Spain, claiming he was subjected to a sham redundancy with a view to denying him his entitlement.