‘Callous’ fund slammed by judge over €6m property deal

‘Callous’ fund slammed by judge over €6m property deal

Cerberus offshoot Promontoria Gem wrongfully abandoned a deal with builder Declan O’Mahony without warning last August because 'it was greedy for more profit', the High Court concluded

A US vulture fund has been ordered to pay punitive damages for its “callous and ruthless” conduct in pulling the plug on a €6 million property pact with a Cork developer.

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