Antrim Developer Begins Test Negligence Action Against Ulster Bank

A Co Antrim property developer who claims he lost more than £1 million (€1.13 million) during the recession has begun a High Court action against the Ulster Bank, The Irish Times reported. Chris Gordon alleges fraudulent misrepresentation and negligence around the provision of financial services and banking arrangements over a number of years. Mr Gordon, who also operates as an estate agent, is seeking damages over the handling of his business dealings. He has brought a test case which could lead to further writs being issued by others caught up in disputes with banks after the financial crash in 2008. Following a brief hearing on Friday, proceedings were adjourned for a further review in four weeks. Mr Gordon and his development company Orianna Investments Ltd are suing Ulster Bank and the aligned Royal Bank of Scotland. Read more

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