Broker Lugus Capital launches action over €1 million in fees
Lugus is allegedly owed around 2% of the funds generated from a venture
Boutique investment broker Lugus Capital has launched a High Court action claiming it is owed €1 million by Harry Parkinson and his new banking venture, Capital Flow.
Parkinson opened Capital Flow for business last April with €40 million in backing from British private equity fund Pollen Street Capital.
Lugus allegedly brokered the funding deal but did not get paid when the investment was realised.
The agreement between the broker and Parkinson pre-dates the ...
