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Davy sued over €900k

A CREDIT Union in Cork has been cleared to take an action against Davy Stockbrokers over an alleged loss of €900,000 arising from advice about a €2m investment bond.

Bandon Credit Union, which had a relationship with Davy going back to 1997-98, issued a High Court summons against the firm outlining a number of claims, including misrepresentation, negligence, breach of trust and breach of contract.