Judge clears way for solicitors' insurer to seek €4.9m against stockbrokers

A solicitors’ insurer can pursue its application for judgement for €4.9m allegedly outstanding under a 2011 settlement with Bloxham stockbrokers, a High Court judge has ruled.

The January 2011 settlement was made in proceedings over heavy losses suffered by the Solicitors Mutual Defence Fund (SMDF) Ltd fund after investing in a bond which fell 97%in value.