A prima facie case of fraud against J & E Davy has been established by Belfast property developer Patrick Kearney and his firm, a High Court judge has said.
In his action against Davy and 16 of its former employees and senior management, Mr Kearney, of Bedford Street, Belfast, claims Davy made a windfall profit of some €25 million from bonds it sold on his behalf in 2014. Mr Justice Twomey said it seemed to the court that the plaintiffs have established a prima facie case of fraud against Davy and that Davy has a reasonable picture of that alleged fraud.
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Source: IrishMirror - 🏆 4. / 98 Read more »