Stockbrokers being sued by credit union do not have to hand over investigation reports

A stockbroking firm being sued by a credit union over the way €5.3m was invested will not have to hand over reports of an Irish Stock Exchange investigation, the Court of Appeal has ruled.

Waterford Credit Union is suing J & E Davy over the investment in certain bonds, between January 2005 and August 2006, which it says did not guarantee the capital sum and provided no maturity date.