Vulture fund sues ex Nama manager

4th June, 2017

A vulture fund has lodged a High Court debt action against a former Nama portfolio manager who now runs his own real estate consultancy group, CL Asset Management.

Stapleford Finance, an affiliate of US giant CarVal, initiated summary proceedings against Colm Lundy and minority company shareholder Susan Taylor last Tuesday.

Lundy left the state agency in 2013 to go out on his own. Before joining Nama he worked with property group Newlyn Developments during the...

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