Full coverage: Patrick Kearney

Developer Patrick Kearney's civil claim against Davy and its former employees has been cleared for trial. However, the High Court has found evidence of a "clear contradiction" in the businessman's pleadings that could have a significant bearing on his credibility.

Lawyers for former Davy staff accused of making a "secret profit" at the expense of the Belfast developer Patrick Kearney claim the developer was under pressure to sell his Anglo bonds due to looming debts, including £300 million owed to Cerberus.

Nearly a year on from the Davy bond sale scandal, details are beginning to emerge of the stockbroker’s defence to claims it misled the Belfast developer Patrick Kearney and conspired against him to obtain a “secret profit and windfall”.