The orders also specify that the other 15 former employees will indemnify Mr Kearney and Kilmona in respect of the counterclaim.Marcus Dowling SC said his clients – 15 of the 16 individual defendants – were consenting to the arrangements, while J & Davy’s counsel also indicated its agreement.
Mr Justice Denis McDonald congratulated the parties on working out “all the minutiae”. He appreciated the settlement does not resolve “everything in the dispute but it resolves a very substantial part of it”.Belfast-based Mr Keanery and his property investment firm sued the stockbroker and the O’Connell partnership members who were involved in the controversial trade of junior bonds in failed lender Anglo Irish Bank.
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