Blow for Goodman as haircut ordered for Blackrock debts
Judge rules surcharge interest rate amounted to an unenforceable penalty
The Commercial Court is to impose a multimillion-euro haircut on debts called in by beef baron Larry Goodman against fellow shareholders in the Blackrock Clinic.
In a hotly contested deal in 2014, Goodman’s company, Breccia, acquired a €9.1 million Nama debt tied to Florida-based investor John Flynn’s 8 per cent stake in the exclusive hospital.
In the same year, Breccia also acquired from IBRC a debt linked to hospital founder Joseph Sheehan’s 28 ...
