RSS
Entertainment


Home Page > Entertainment > U2’s guitarist Adam Clayton doesn’t read his bank statements

Blogs


comment on article 4 Comments
print this article Print
email this articleE-mail

U2’s guitarist Adam Clayton doesn’t read his bank statements

Clayton failed to notice $5 million missing from his bank accounts of a five-year period

By
CATHY HAYES,

Published Tuesday, July 6, 2010, 8:19 AM
Updated Tuesday, July 6, 2010, 9:43 PM

 

Bookmark and Share

U2's Adam Clayton 'couldn't be bothered' to read his bank statements
U2's Adam Clayton 'couldn't be bothered' to read his bank statements

Adam Clayton, U2’s guitarist is attempting to sue Bank of Ireland Private Banking Ltd and Gaby Smyth Co, chartered accountants, because he feels they should have notified him that over $5 million went missing from his account over five years.

However, he “couldn’t be bothered” to read his own bank statements, the Commercial Court in Dublin was told yesterday. The Court was told that Clayton felt that bank should have notified him, telling him that his bank account was hemorrhaging money.

The Court also said that Clayton was “putting the cart before the horse” in taking a case against the bank as the separate action against his former assistant, Ms Hawkins, has not been heard. In September 2008 Ms Hawkin’s admitted to skimming about $18,800 but the bank was never notified about this.

Paul Sreenan, Clayton’s lawyer said that his client was suing for a failing to complete the duties owed by bankers to their clients. In October 2009 Clayton was notified that there was some unusual activity in his accounts. His lawyer claims that had he known earlier he might have lost less money.

Though his assistant has admitted to taking $18,800 Clayton believes the figure to total over $5 million. He is suing the two companies for over $11 million for negligence and breach of contract.

Though Justice Peter Kelly refused his application to fast-track the case to the Commercial Court the case will instead go ahead in the High Court.
 

print this article Print
email this articleE-mail


4 Comments

It may take several minutes for your comment to appear.
Report abuse
Posted by vhuskey on Jul 10, 2010, 03:49 AM EDT
accountants and bookkeepers aren't rock stars, and the inverse, rock stars aren't financial readers. any bank with an account like what adam claytons must be, should have been jumping backwards and treating a client like this with kid gloves. all the corp.s involved were probably very well payed to do what they didn't do.
Report abuse
Posted by pat52rk on Jul 07, 2010, 09:35 PM EDT
how can he read his bank statement when he is high all the time ..
Report abuse
Posted by brennanirish on Jul 07, 2010, 11:33 AM EDT
if all that is true, how did they get so successful genius?
Report abuse
Posted by mandokeith on Jul 06, 2010, 09:12 PM EDT
Bono can't sing, Clayton can't read, Edge can't jam, Need some help boyos............
 


Click to learn more from DiscoverIreland.com.


Connect to IrishCentral with your Facebook account

or sign-in directly

Welcome to IrishCentral!
Please provide the following information in order to create your account

Username:
E-Mail Address:
Password:
Confirm Password:
I agree to the Terms of Use and Privacy Policy


Welcome to IrishCentral!
All we need is the following information and you will be part of the #1 Irish community in the US

E-Mail Address:
First select a unique username:
Username:
Now choose a password:
Password:
Confirm Password:
I agree to the Terms of Use and Privacy Policy
Thank you!

Just one more step and you will be part of the largest Irish community in America! Tell us a little more about you to start enjoying all the features of IrishCentral.

Additional Information:

First Name:
Last Name:
Date of Birth:
Zip:
Gender: Male  Female 
Country:
Degree of Irishness:
Household Income:
Level of Education:

Subscribe to our newsletters:

The Best of IrishCentral - Daily Newsletter
Special Offers from our sponsors

or
Skip

You can edit your information at any time, just go to "my account" when you're logged in.

Log into IrishCentral with your Facebook account

or sign-in directly

E-Mail:
Password:
 Remember me Forgot my password