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U2's Clayton sues bank, accountants over missing f4m

U2 guitarist Adam Clayton has sued his bankers and accountants for negligence arising out of the alleged misappropriation of €4.8m by his former personal assistant, Carol Hawkins.

Mr Clayton claims his accountants had assured him in September 2008 the sum misappropriated was about €13,585 when at that stage it was about €4.4m.

He also claims Ms Hawkins allegedly admitted misappropriating what she said was about €15,000 in September 2008 as a result of what she said was great stress from a marriage break-up.

At that point, he claims his accountants assured him it was €13,585 and he had kept her in his employment but also instructed them (accountants) to ensure she would not have access to his accounts.

However, she had misappropriated a further €415,961, it is alleged. Mr Clayton, Danesmoate Demesne, Kellystown Road, Rathfarnham, Dublin, is now suing Bank of Ireland Private Banking Ltd (BOIPB) and Gaby Smyth, Jill Percival and Pat Cleary, practising as Gaby Smyth & Co, chartered accountants, Merrion Road, Dublin 4.

In the latest case, he is claiming €4.38m damages against BOIPB for alleged negligence, breach of duty and breach of contract. He is also claiming €4.8m damages against the accountants for negligence, breach of contract and negligent mis-statement arising from allegedly failing to detect the alleged extent of the misappropriation. He is to apply on Monday next to have the proceedings transferred to the Commercial Court.

hnews@herald.ie


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