Flynn gets go-ahead to sue Nama

13th December, 2015

John Flynn, the developer who built large parts of Smithfield and is now based in Florida, has been allowed to push ahead with his action against the National Asset Management Agency (Nama) and others. The case alleges substantial overcharging by the former Anglo Irish Bank on his borrowings over the years.

District Judge Lewis A Kaplan said that while he understood there were problems with suing the former Anglo Irish Bank because it was bankrupt,...

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