Davy accused of being ‘disingenuous’ during lawsuit related to Anglo bond deal

Developer from Northern Ireland who claims Davy deprived him and his company of the best price when it sold Anglo bonds on his behalf in 2014 is suing for damages

Paddy Kearney, a developer from Northern Ireland, claims the group of 16 former Davy employees made a profit of about €25 million from buying and later selling his Anglo bonds. Picture: Sasko Lazarov/RollingNews.ie

Davy stockbrokers have been accused of being “disingenuous” as part of an ongoing lawsuit related to the infamous Anglo bond deal in 2014.

The comment was made today during a hearing on a motion for further particulars in a lawsuit taken by Paddy Kearney, the Northern Ireland developer, against Davy and 16 former senior executives at the stockbroker.

Kearney claims that Davy deprived him and his company of the best price when it sold Anglo ...