Businessman loses Alzheimer’s High Court case

Businessman loses Alzheimer’s High Court case
Judge rules in favour of AIB over €13m loans case. Pic: RollingNews.ie

A businessman who persuaded his late father who had Alzheimer’s disease to act as guarantor on €13 million in boom-time loans from AIB has lost a High Court case in which he claimed the debt is unenforceable

A businessman who persuaded his late father who had Alzheimer’s disease to act as guarantor on €13 million in boom-time loans from AIB has lost a High Court case in which he claimed the debt is unenforceable.

David Flood alleged the bank knew he was exerting undue influence on his then 76-year-old father, who was in poor health and had long retired from business when the loans were secured in 2007.

He stated on oath that...

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