US broker hopes to settle €1m Davy dispute ‘amicably’

US broker Cantor Fitzgerald said it was hopeful of resolving a €1 million dispute with Davy Stockbrokers about who should bear losses after clients failed to pay up when Elan shares collapsed last year.

3rd June, 2006

US broker Cantor Fitzgerald said it was hopeful of resolving a €1 million dispute with Davy Stockbrokers about who should bear losses after clients failed to pay up when Elan shares collapsed last year.

Charles Knott, Cantor’s global head of business in Contracts for Difference (CFD), said he had held ‘‘amicable talks’’ with Davy in Dublin and that he was hopeful that the dispute would be settled soon.

The...

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