Coleman sued over alleged €6m vulture fund debt

Coleman sued over alleged €6m vulture fund debt
Castle Oaks hotel, Limerick

An asset fund linked to US investment giant CarVal has initiated Commercial Court proceedings against Dublin solicitor and developer David Coleman over an alleged €6 million debt. Coleman and builder John Joseph Murphy are being sued by Feniton Property Finance in connection with their boom-time investment in the Castle Oaks hotel, Limerick, which sold for €3 million last week.

The four-star, 64-bedroom Georgian hotel overlooking the Shannon was put on the market last August by receiver Tom...

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