A group of investors in Davy Hickey Properties are suing directors of a central firm in the group, accusing them of “oppression and disregard” of minority shareholders’ rights amid a battle over the future of the Citywest Business Campus developer. Davy Hickey, formed in 1990 as a joint venture between businessman Brendan Hickey and Davy executives and clients, is behind the development of the 350-acre business campus in southwest Dublin and other sites. Mr Davy is also a former chairman of Davy, the stockbroking firm that was co-founded by his father. These should say whether investors would get most value from the sale of the business as a going concern or break-up basis. Mr Hickey and Mr Lynn did not respond to efforts to secure direct comment, while Mr Davy and Mr McLaughlin declined to comment when contacted by The Irish Times.

Source: The Irish Times May 15, 2021 04:41 UTC