Businessman's claim against Davy and 16 former employees over Anglo bonds struck out
No costs order is made against J&E Davy, which will pay its own legal fees for defending the claims. File picture: Niall Carson/PA
The High Court has made orders striking out businessman Patrick Kearney’s claims against J&E Davy stockbrokers and 16 of its former employees comprising the so-called O’Connell Partnership.
The orders, agreed by all of the parties as part of the settlement of the action, include a provision for 15 of the Davy individuals to pay for all of the legal costs incurred by Mr Kearney and his firm Kilmona Holdings Ltd in bringing their case over the 2014 onward sale of his Anglo Irish Bank bonds.
