An action seeking summary judgment against property developer and one of the Maple 10, Patrick Kearney for over €16m has been admitted to the fast track Commercial Court.

A claim Davy Stockbrokers was negligent in advising a businessman to sell investment bonds for around €5.58m which he alleged was at a significant undervalue has been settled, the Commercial Court has heard.

A businessman claims Davy Stockbrokers was negligent in advising him to sell investment bonds for around €5.58m which he says was at a significant undervalue.