Thursday September 24, 2020

Investor too late to sue, court finds

An investor who bought 742,000 shares in an oil company in 1998 was now too late to sue the seller, the High Court has ruled.

23rd May, 2012

An investor who bought 742,000 shares in an oil company in 1998 was now too late to sue the seller, the High Court has ruled.

The liquidator of Money Markets International Stockbrokers Ltd (MMI) asked the High Court for directions about the sale of shares in Dana Petroleum by Consulting and Investment Services (CIS).

MMI, which brokered the share sale to Hilary Fanning in September 1998, was wound up six months later.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 8 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago