INM bidder is likely to wait for the court report

A potential buyer of INM would be wise to find out what’s in the High Court files before rushing in to make an acquisition

It says an awful lot about the extraordinary issues that have dogged Independent News & Media (INM) in the last two years that the High Court was practically empty a couple of weeks ago as senior counsel Sean Gillane handed over a thin black folder to the president of the court, Judge Peter Kelly.

Over the last six months Gillane, along with British lawyer Richard Fleck, has been carrying out a formal investigation ...