Genesis offshoot in legal row with Wilbur Ross fund

US billionaire Wilbur Ross

A division of residential developer Genesis Homes has lodged High Court proceedings against a mezzanine funder backed by US billionaire Wilbur Ross.

Genesis Homes (Mungret) lodged the legal proceedings against WLR Cardinal Mezzanine Finance and Bank of Ireland in a dispute connected to a receivership process.

Two divisions of Genesis Homes were placed in receivership in April following a missed payment to WLR Ross Mezzanine Finance, a €300 million joint venture between Ross ...