‘Davy 16’ could be forced to reveal Anglo bond profits

Lawyers for Paddy Kearney, the Northern Ireland developer who is suing the stockbroker, have filed an affidavit seeking to disclose how much profit each made personally from the transaction

Davy: Northern Irish developer Paddy Kearney claims the Central Bank’s findings against the stockbroker last year were a ‘serious indictment’ of the firm’s alleged misconduct in the sale of the Anglo bonds. Pocture: RollingNews.ie

Former senior executives in Davy stockbrokers could be forced to reveal how much they individually gained from the infamous Anglo bond deal in 2014, the Business Post has learned.

A new affidavit filed in the High Court shows lawyers for Paddy Kearney, the Northern Ireland developer who is suing the stockbroker, are seeking a court order that would force the disclosure of how much profit each of the ‘Davy 16’ personally made from the transaction.