Belfry investors can proceed with AIB claims, Supreme Court decides
A Supreme Court ruling has cleared the way for investors to pursue key claims in their actions against AIB over losses sustained after investing in certain Belfry funds promoted by the bank. In a significant judgment yesterday on preliminary issues in eight "pathway" cases in the litigation, the Supreme Court overturned a Court of Appeal (COA) finding that key aspects of the plaintiffs’ claims were statute barred – brought outside the relevant six year time limit. Some 300 investors have sued over losses sustained after they put money into five Belfry Funds which invested in UK commercial...
Source: independent.ie