Sunday April 5, 2020

Broker Lugus Capital launches action over €1 million in fees

Lugus is allegedly owed around 2% of the funds generated from a venture

7th August, 2016
Investment broker launches court action Pic: RollingNews.ie

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.

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