Articles tagged with: Gerard McCaughey

MCCAUGHEY FAILS IN BID TO SUE ANGLO OVER NY HOTELS INVESTMENT

Sport »

5 Aug 2011 Comments Off on MCCAUGHEY FAILS IN BID TO SUE ANGLO OVER NY HOTELS INVESTMENT
MCCAUGHEY FAILS IN BID TO SUE ANGLO OVER NY HOTELS INVESTMENT

Well-known Monaghan businessman Gerard McCaughey has lost a legal bid to secure damages amounting to €46 million from Anglo Irish Bank and an American subsidiary for alleged fraud and neglect relating to an investment that was made in two New York Hotels. In a 95-page ruling delivered to the High Court on Wednesday of last week, Mr Justice George Birmingham dismissed the action taken by the co-founder and former chief executive of Century Homes, stating that “investor remorse does not provide a basis for a successful legal action”. It ...