Brothers settle action against friend over €1.25m inheritance

They are alleged to have given their friend the funds in 2015 and 2016 to be invested in Irish and European property and precious gems.

The court heard that the matters had been resolved, following out of court discussions between the parties' representatives.

Two brothers who sued a friend in the High Court over an alleged failure to account for or return a €1.25m inheritance they gave him to invest in various projects have settled their actions.

Businessmen Gary and David McGuinness brought proceedings against US-based David Morrisroe who they claimed had allegedly failed to return to them or answer their questions about funds they gave to him in 2015 and 2016 to be invested in Irish and European property and precious gems.