Dolphin MUT 116 was the investment vehicle for pension investors. Another Irish-registered firm called Dolphin MUT 103 dealt with individual investors.
Those directors are Brian Flynn, Lions Gate, Glenvar Park, Blackrock, Dublin, Eanna McCloskey of Silver Birch Close, Mullfarm Estate, Dunboyne, Co Meath, and Dolphin founder Mr Smethhurst of Lindenstrasse, Pohle, Germany. Dolphin MUT 116 has liabilities of some €65.8m of capital and €34.4m of interest to maturity up to August 2021 to mostly pension investors, it is claimed.
They are seeking damages against them for negligence, breach of contract and declarations including that they account for any gains made directly or indirectly from any breach of duty.
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