Court to hear case involving alleged €4m scam by Irish firm against 35 investors

35 investors who claim they were defrauded and lost more than €4m in an electronic-trading scam have had their case against an Irish registered firm and four businessmen admitted to the Commercial Court.

The court heard the 35, among a potential 111 investors, are suing Greymountain Management Ltd, in liquidation, its Dublin-based directors, Ryan Coates and Liam Grainger, and alleged shadow directors, brothers Jonathan and David Cortu who are based in Israel.