‘Considerable progress’ made in Belfry funds case

Bid to resolve 300 cases arising out of investor losses from collapsed investments

Justice Brian O'Moore said it would be 'a marvellous achievement' if all 300 cases were resolved, and put the case back for a week. 

A High Court case over investor losses from the collapsed UK property investment Belfry funds has been adjourned for a week after a judge was told there has been "very considerable progress" in talks to resolve the matter.

John O'Donnell SC, for the investor in the lead case, 83-year-old Bernadette Goodwin, said since talks began on Tuesday "a more ambitious approach" had been adopted by the parties to resolve all 300 cases before the court, not just Mrs Goodwiin's case.