Former Friends First sales director disputes 'high risk' investment loans

The High Court is to hear claims that investment bonds sold by Friends First Life Assurance were "high-risk property investments".

10th March, 2013
Mr Justice Dan Herbert.

The High Court is to hear claims by the former sales director of Friends First Finance that investment bonds sold by Friends First Life Assurance were "high-risk property investments", rather than "little savings schemes".

Friends First asked the court to grant judgment against Frank Cronin for €148,526 borrowed in August 2006 and May 2008 to buy the bonds. But Cronin said the case should go to a full hearing, as he disputed the debt.

Cronin was formerly...

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