Investors have accused homebuilder Clopen Capital of using loans issued for a residential build in Cork to fund other construction projects, in a commercial lawsuit alleging shareholder oppression. The High Court claims relate to a separate company called Wayleaf and are brought by fund manager Paul Gorman and Dublin and London-based finance lawyer Nollaig Murphy through their respective companies Hudson Valley and Panacea.  Both are shareholders in Wayleaf, a company set up for the sole purpose of delivering a 159-unit residential development at Inis Alainn in Carrignafoy, Cobh. The oppression suit, seeking various orders under section 212 of the Companies…

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