Former Davy chief executive Tony Garry is among a group of investors being sued for €2.5 million allegedly due and owing from a boom-time property investment in Limerick. Everyday Finance is suing nine individuals, including Garry, claiming debt finance provided to a partnership set up by Davy in 2005 to develop 11 apartments at Fisherman’s Quay in Limerick city remains unsatisfied. The development was partly funded by the equity investment of the Grove Island Co-Ownership partnership and by debt finance provided by First Active. As was popular at the time, the investors were able to avail of Section 23 relief,…

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