Menu
21/03/2013
Former Nationwide Directors Served Papers
Three former directors of the Irish Nationwide were served papers on Wednesday night by representatives of the special liquidator of IBRC.
Former directors Terence Cooney and Stan Purcell, and former chairman Michael Walsh, were served papers relating to legal action over their stewardship of the building society.
It is understood that papers will also be served on former managing director Michael Fingleton and another former director David Brophy.
The development follows a step by IBRC last year to take action against the directors of the building society.
The bank filed a plenary summons in the High Court last March so its legal action would not be constrained by time limits under the statute of limitations.
It was speculated the legal action related to alleged breach of contract, breach of fiduciary and breach of duty of care.
(H)
Former directors Terence Cooney and Stan Purcell, and former chairman Michael Walsh, were served papers relating to legal action over their stewardship of the building society.
It is understood that papers will also be served on former managing director Michael Fingleton and another former director David Brophy.
The development follows a step by IBRC last year to take action against the directors of the building society.
The bank filed a plenary summons in the High Court last March so its legal action would not be constrained by time limits under the statute of limitations.
It was speculated the legal action related to alleged breach of contract, breach of fiduciary and breach of duty of care.
(H)
Related Irish News Stories
Click here for the latest headlines.
19 April 2024
Executive Urged To Take Action For Victims And Survivors
Victims and survivors of the Troubles are at risk of being left behind without urgent action from the Executive Office. The Alliance Party has raised the issue following what it described as a "constructive meeting" with the Victims and Survivors Service.
Executive Urged To Take Action For Victims And Survivors
Victims and survivors of the Troubles are at risk of being left behind without urgent action from the Executive Office. The Alliance Party has raised the issue following what it described as a "constructive meeting" with the Victims and Survivors Service.
14 March 2024
Alliance Calls For Action To Protect Young People Online
The Alliance Party has called for action to help young people faced with blackmail or similar situations online.
Alliance Calls For Action To Protect Young People Online
The Alliance Party has called for action to help young people faced with blackmail or similar situations online.
22 January 2014
Staff In Sit-In At Closed Limerick Store
Thirty former employees of Limerick independent food store Ivans of Caherdavin are holding a sit-in. The store announced its closure earlier this week. The staff are occupying the store in a dispute over pay cheques and redundancy packages.
Staff In Sit-In At Closed Limerick Store
Thirty former employees of Limerick independent food store Ivans of Caherdavin are holding a sit-in. The store announced its closure earlier this week. The staff are occupying the store in a dispute over pay cheques and redundancy packages.
14 September 2011
Call To End Clerical Celibacy Gains Support
Former Bishop of Derry, Edward Daly, has received a wealth of support after calling for the Catholic Church to end clerical celibacy. The Association of Catholic Priests has welcomed the news along with well-known priest Father Brian D’Arcy. The association’s founder member Father Brendan Hoban said: "It is one part of our platform.
Call To End Clerical Celibacy Gains Support
Former Bishop of Derry, Edward Daly, has received a wealth of support after calling for the Catholic Church to end clerical celibacy. The Association of Catholic Priests has welcomed the news along with well-known priest Father Brian D’Arcy. The association’s founder member Father Brendan Hoban said: "It is one part of our platform.
06 July 2010
Mosney 'Holiday Camp' Revolt By Migrants
Many of the 100 asylum seekers who are due to be moved today from Mosney to other centres around the country by the Reception and Integration Agency are hoping to stay put. A majority have refused to go and want to stay in the Co Meath former Butlins holiday village.
Mosney 'Holiday Camp' Revolt By Migrants
Many of the 100 asylum seekers who are due to be moved today from Mosney to other centres around the country by the Reception and Integration Agency are hoping to stay put. A majority have refused to go and want to stay in the Co Meath former Butlins holiday village.
-
Ireland WeatherThis Evening and Tonight:A dry evening with late sunny spells and some long clear spells overnight. Becoming cloudier across the north towards dawn with a few showers possible. Touch of frost in south. Minimum temperature 0 °C.
