Courts / Ireland / Report
Long-running 'Belfry Funds' cases are settled
Summary
More than 270 High Court cases involving investor losses from the collapsed UK property investment scheme "Belfry Funds" were settled on confidential terms. The settlement was announced before the High Court on Thursday morning. The lead case, brought by 83‑year‑old investor Ms Bernadette Goodwin, had been adjourned to allow out‑of‑court settlement talks. When the matter returned before Mr Justice Brian O'Moore, counsel John O Donnell SC for Ms Goodwin said the parties had used the time productively and that all cases had been resolved. The court could strike out all actions, vacate previous cost orders, and, on consent, withdraw allegations of fraudulent concealment. The investors had claimed damages for alleged negligence in the operation of the funds, which the defendants denied. Mr Justice O'Moore praised the parties' extraordinary work and noted that the cases had been pending for a long time.
Who, what, where, when and why
What: Report matter: Long-running 'Belfry Funds' cases are settled. Procedural stage: hearing_or_decision
When:
- August 2014 Other
- 2002 and 2006 Other
- 2021-07-08 Publication
Case subjects
Applicant
Outcome: Bernadette Goodwin, came before the court late last month but was adjourned to allow out of court settlement talks take place.
Places mentioned
- High Court
Topics
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