Former La Stampa owner seeks €30m from AIB

Veteran entrepreneur Louis Murray formerly owned iconic 1980s nightclub The Pink Elephant

26th March, 2017

The former operator of La Stampa, Samsara and the Dawson Hotel is seeking damages of €30 million in his Commercial Court action against AIB over claims the bank recklessly undersold the premises by several million euro.

Louis Murray says AIB broke an agreement by marketing the city centre business at €15 million when it had been valued by DNG at €27 million. The 36-bedroom boutique hotel, restaurant and bar was subsequently sold to Tetrarch for...

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