A RETIRED solicitor and his wife have settled their Commercial Court action against various partners in Bloxham Stockbrokers over allegedly negligent advice to invest in a bond which later fell by more than 97 per cent in value.
The action by Maurice Curran, a former chairman of the Solicitors Mutual Defence Fund (SMDF), is among 10 sets of proceedings brought over the same bond in which Bloxham is facing claims amounting to some €10 million.
...
Yesterday, Mr Justice Peter Kelly was told by Declan McGrath, for Bloxham, and Bernard Dunleavy, for the Currans, the couple’s action had settled and could be struck out with no order except one vacating costs orders made to date.The Curran case was listed for hearing on February 1st next along with two of the other actions against Bloxham.