Liquidators in Dolphin Trust-linked case reach settlement
The liquidators have reached a €5.25 million settlement with a number of defendants
The liquidators of a Dolphin Trust-linked company have reached a €5.25 million settlement with a number of the defendants in a High Court case launched earlier this year.
Dolphin Trust, which was renamed German Property Group (GPG), collapsed in 2020 with €1.5 billion in savings from investors in Ireland, the UK and other countries.
The settlement will be split 60/40 between the two special purpose vehicles (SPVs) set up to channel investment in GPG.