Emuse sues one of its investors in High Court

Company issues plenary summons against First Names Trust Company

15th May, 2016
Emuse, chief executive Patrick Rainsford

Emuse, the Irish technology company backed by wealthy investors, has taken a High Court action against one of its investors.

Emuse Corporation last week issued a plenary summons against First Names Trust Company, an Isle of Man entity that recently initiated a court petition to wind up the company.

Emuse acknowledges the €2.8 million loan, but contends that it is only payable in the event of a “specific liquidity event”.

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