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”.
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