Supreme Court rebuffs legal challenge by ILP shareholders

The affected stakeholders applied for a leapfrog appeal directly from the High Court, having lost proceedings last July against the Minister for Finance over the €4 billion state injection of funds to Permanent TSB from July 2011

3rd June, 2018

The Supreme Court has refused to hear an urgent challenge brought by a group of shareholders against the state’s recapitalisation of Irish Life & Permanent during the financial crisis.

The affected stakeholders applied for a leapfrog appeal directly from the High Court, having lost proceedings last July against the Minister for Finance over the €4 billion state injection of funds to Permanent TSB from July 2011, a move which effectively wiped out the...

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