The €5.3 million sale of an Anglo bond to a consortium of Davy staff members in 2014 was a “great deal” and “the only deal in town” for indebted property developer Patrick Kearney, the High Court has been told. Lawyers for the former Davy employees, who are being sued individually by the businessman alongside the stockbroker, said in commercial proceedings this week that it was “just not real” to suggest Kearney could have held onto the bonds or sold them later. Davy, engaged as an agent by Kearney to carry out the bond sale, is accused of misleading the developer…

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