Port firm fails to resolve High Court case against two directors

Negotiations to settle a High Court case involving two directors of Shannon Foynes Port Company (SFPC) have fallen through.

19th May, 2007

Negotiations to settle a High Court case involving two directors of Shannon Foynes Port Company (SFPC) have fallen through.

The company had offered to pay the legal costs of suspended chief executive Brian Byrne and non-executive director Morgan Leahy - which have now topped €700,000 - as well as a substantial settlement for the two men to withdraw their action against the company. A committee of inquiry was set up last October to investigate allegations...

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