Businessman loses Alzheimer’s High Court case

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 ...