AIB investors’ damages action fast-tracked in Commercial Court

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

The investors’ damages action against AIB was admitted to the fast-track Commercial Court list on 19 October 2015.

Almost 300 investors are seeking damages over alleged negligence, breach of contract, fiduciary duty, mismanagement and misrepresentation concerning UK property funds.

The claims are denied, while Mr Justice Brian McGovern directed that statements of claim be served within two weeks before adjourning preliminary issues to November.