Allegations of fraud, concealment and a conflict of interest made against Davy stockbrokers in respect of the sale of Anglo Irish Bonds are “very far removed from being mere assertions”, according to a decision of the High Court. In a pre-trial ruling, the court has found Belfast born property developer Patrick Kearney does not have to provide further particulars – ie more granular detail – to Davy of the serious claims contained in his highly contested “secret profit” damages suit against the broker as the defendants already have a “reasonable picture” of what is being alleged. Kearney is suing Davy…

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