Garrett Kelleher, the Irish property developer, has settled a $65 million Liberian civil war lawsuit against one of the world’s largest insurance companies, in a dispute stretching back to 1990 and relating to a claim for damages by a Liberian firm. In a United States court filing last night Cigna Worldwide (CWW), a subsidiary of Chubb, said: “CWW and Mr Kelleher have entered into a settlement agreement.” The insurance giant had been seeking a $15 million judgement against Kelleher, one of Ireland’s most experienced developers. Kelleher had helped fund the litigation by Abi Jaoudi & Azar Trading (AJA), a decision that…
Cancel at any time. Are you already a member? Log in here.
Want to continue reading?
Get unlimited access to The Currency and The Wall Street Journal with an annual membership – and receive a free, signed copy of Vincent Browne’s new book, Charles Haughey: Glory, Greed and Guns, delivered straight to your door.