Investments made by Davy were bonkers'

Investments made by stockbroking firm J&E Davy in the risky derivatives known as contracts for difference, which wiped out a vulnerable man's inheritance, were described as ''bonkers in court last week.

James Haughey, who suffered two strokes as a child and suffers from some cognitive impairment, is suing the firm for having lost €3.4 million of his inheritance.

The court heard that Haughey had reported a net worth of €5 million, including a ...